The housing median value in 48213 Detroit, MI is $46,000 which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while the 1 year appreciation rate for houses in 48213 Detroit, MI is only 4.30%, thus providing an indication that the housing market in this area may be lagging behind other parts of the country. This makes it a great area for those looking to purchase a home at a bargain price and with lower risk of quickly depreciating values.
The median home cost in Detroit (zip 48213) is $46,000. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48213) is up 9.7%.
Average Age of Homes
- The median age of Detroit (zip 48213) real estate is 72 years old
The Rental Market in Detroit (zip 48213)
- Renters make up 31.1% of the Detroit (zip 48213) population
- 0.7% of houses and apartments in Detroit (zip 48213), 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.