Zip 48208 (Detroit, MI) Housing

The housing market in 48208 Detroit, MI has a median value of $132,100 which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, whereas the house 1 year appreciation rate in 48208 Detroit, MI is 4.30%. This suggests that the market for housing in this area is not growing as rapidly as other regions in the US, and may be a good opportunity for potential buyers to purchase property at a reasonable price.

The median home cost in Detroit (zip 48208) is $132,100. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48208) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48208) real estate is 78 years old

The Rental Market in Detroit (zip 48208)

- Renters make up 45.0% of the Detroit (zip 48208) population
- 2.6% of houses and apartments in Detroit (zip 48208), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Detroit, Michigan	United States
	5,341.0	139,647,020.0
	75	42
	$132,100	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,641	$2,690
	25.9%	57.4%
	26.9%	11.2%
	47.2%	31.4%
Vacant Housing
	2.6%	1.9%
	0.2%	0.4%
	1.1%	0.7%
	0.9%	0.4%
	0.8%	3.6%
	21.3%	4.1%
Value of Owner-Occupied Housing
	10.2%	2.6%
	6.7%	2.4%
	6.7%	2.8%
	8.0%	3.9%
	6.6%	4.5%
	17.7%	11.3%
	1.4%	13.0%
	26.0%	20.1%
	10.6%	13.6%
	5.9%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.5%	13.6%
	16.5%	13.6%
	4.8%	13.6%
	4.2%	13.2%
	14.5%	14.8%
	4.8%	13.6%
	4.0%	10.0%
	6.6%	4.7%
	46.2%	12.2%

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