Zip 48202 (Detroit, MI) Housing

The housing median value in 48202 Detroit, MI is $193,900, 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 in 48202 Detroit, MI is only 4.30%. This indicates that the area has seen a slower rate of house appreciation compared to other areas across the country and this could be an indication of a less desirable or more affordable area for potential home buyers.

The median home cost in Detroit (zip 48202) is $193,900. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48202) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48202) real estate is 78 years old

The Rental Market in Detroit (zip 48202)

- Renters make up 48.7% of the Detroit (zip 48202) population
- 2.0% of houses and apartments in Detroit (zip 48202), 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
	9,734.0	139,647,020.0
	65	42
	$193,900	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,762	$2,690
	21.5%	57.4%
	26.0%	11.2%
	52.5%	31.4%
Vacant Housing
	2.0%	1.9%
	0.5%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	0.3%	3.6%
	22.7%	4.1%
Value of Owner-Occupied Housing
	7.7%	2.6%
	14.7%	2.4%
	3.8%	2.8%
	4.5%	3.9%
	6.8%	4.5%
	9.9%	11.3%
	10.4%	13.0%
	23.6%	20.1%
	11.7%	13.6%
	4.1%	8.3%
	0.4%	9.7%
	1.5%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	4.2%	13.6%
	4.8%	13.2%
	9.7%	14.8%
	4.2%	13.6%
	5.3%	10.0%
	6.3%	4.7%
	57.0%	12.2%