5 Most Overpriced Housing Markets in the U.S.

2. Detroit, Michigan

Home Overprice Percentage: 45.91%

Detroit is the largest city in Michigan and has a population of 639,111. It is also one of the oldest cities in America as it was set up at the cusp of the eighteenth century. Detroit is an economic and cultural hub in America. It houses several Fortune 500 companies and is home to one of the largest car manufacturers in the world, General Motors. Apart from GM, Detroit also has large and important financial, energy, and advertising companies. The automotive industry is at the heart of Detroit’s history, as it boomed during the time when America’s car industry was starting to take its roots.