Zip 48209 (Detroit, MI) Housing

Housing in Detroit is quite different from the rest of the United States. In Detroit's 48209 zip code, the median value for a house is $65,300 compared to the US median value of $338,100. The US housing appreciation rate over the last year has been 8.27%, whereas for Detroit it has been 4.30%. This indicates that while housing prices are still increasing in Detroit, they are doing so at a much slower rate than the rest of the country.

The median home cost in Detroit (zip 48209) is $65,300. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48209) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48209) real estate is 78 years old

The Rental Market in Detroit (zip 48209)

- Renters make up 39.1% of the Detroit (zip 48209) population
- 2.3% of houses and apartments in Detroit (zip 48209), 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
	11,178.0	139,647,020.0
	65	42
	$65,300	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.22	$10.98
	$1,086	$2,690
	41.5%	57.4%
	18.8%	11.2%
	39.7%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.7%	0.4%
	0.3%	3.6%
	15.3%	4.1%
Value of Owner-Occupied Housing
	10.4%	2.6%
	16.7%	2.4%
	27.7%	2.8%
	13.0%	3.9%
	11.0%	4.5%
	12.8%	11.3%
	2.0%	13.0%
	2.5%	20.1%
	1.2%	13.6%
	1.6%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.5%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.9%	13.6%
	2.9%	13.6%
	2.3%	13.6%
	4.0%	13.2%
	4.4%	14.8%
	2.3%	13.6%
	9.2%	10.0%
	10.0%	4.7%
	60.2%	12.2%

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