Detroit, MI Foreclosed Homes & Properties

Foreclosure Homes for Sale in Detroit, MI: Everything You Need to Know

Detroit officially became a city in 1815. When Michigan was admitted into the union in 1837, Detroit quickly became an essential stop on the underground railroad, helping slaves escape from the south. In the 19th century, pharmaceuticals and manufacturing were the top industry sectors in the city. Heavily influenced by the French, Detroit became very important to the military as there was plenty of economic advantage due to the river. 

In 1908 Henry Ford made the first Model T automobile, and the auto industry began to boom. This brought about construction, and by the 1950s, Detroit had a population of 1.85 million. The Northland Center opened in 1954; this was the first shopping mall in the nation.  

In the 20th century, there was a period of decline as industries were struck with a recession. Although Detroit was able to recover, the population steadily declined and currently has about 673,000 residents. Known as the "City of the Big Three," Ford, Chrysler, and General Motors all have manufacturing headquarters located here. 

Detroit is most famous for Motown Records, established in 1959 by Berry Gordy. This current-day museum is Michigan's most popular destination, attracting thousands of tourists across America.

Job Opportunities in Detroit 

The automotive and manufacturing industries are the dominant sectors in Detroit. More recently, tech innovation and IT businesses are becoming very popular. Food processing in Michigan is massive, as there are more than 52,000 farms across the state. Agribusiness impacts the economy profoundly, and food-processing is the third largest sector in the city. Another major revenue producer is the Healthcare industry. 

The average salary in Detroit, MI, is $70,000, or $18.36 an hour. In March 2020, the unemployment rate was 4.6%. There are about 249,478 employees in this city, a 6.57% growth since 2019.  

Getting Around in Detroit

The public transit system in Detroit is called the Detroit Department of Transportation (DDOT). About 85,000 people use this system daily, connecting Detroit residents to surrounding suburbs and neighboring cities. The Detroit People Mover is a light-rail/streetcar system that takes people to downtown Detroit. Bus services include the SMART system, Megabus, Greyhound Bus, Windsor Bus, and the DDOT bus. Amtrak has several stations throughout the Detroit Metro area. The Detroit Metro Airport is also nearby for easy access in and out of the city. You can also travel via cab and rideshare services as well as scooters and bikes.

The Local Sports Teams  

Detroit has four professional sports teams: Detroit Lions (NFL), Detroit Tigers (MLB), Detroit Pistons (NBA), and the Detroit Red Wings (NHL). To catch a game, head to the Comerica Park for baseball, the Ford Field for football, or the Palace for basketball. 

Some major sporting events that have taken place in Detroit are the Super Bowl XL (2006), MLB All-Star Game (2005), NBA Finals games (2004/2005), and the NHL Winter Classic (2014). 

There are various NCAA Division I and II collegiate sports in the Detroit Metro area. The Michigan Wolverines are in the Big Ten Conference, and the Oakland Golden Grizzlies are in the Division I Horizontal League. In the Great Lakes Division II conference, you will find the Wayne State Warriors from Detroit City. Detroit City residents love Professional Wrestling and the city hosted WWE WrestleMania 23 in 2007 that attracted 80,103 fans to the stadium.