Zip 48206 (Detroit, MI) Housing

The housing median value in 48206 Detroit, MI is $85,200, which is far below the US house median value of $338,100. However, the 1 year house appreciation rate in 48206 Detroit, MI is 4.30%, which is significantly less than the US 1 year house appreciation rate of 8.27%. Despite the lower values and slower appreciation rate compared to other areas, housing in 48206 Detroit, MI still has potential for growth over time.

The median home cost in Detroit (zip 48206) is $85,200. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48206) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48206) real estate is 78 years old

The Rental Market in Detroit (zip 48206)

- Renters make up 27.7% of the Detroit (zip 48206) population
- 1.4% of houses and apartments in Detroit (zip 48206), 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
	11,393.0	139,647,020.0
	65	42
	$85,200	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$22.29	$10.98
	$1,355	$2,690
	28.2%	57.4%
	44.5%	11.2%
	27.3%	31.4%
Vacant Housing
	1.4%	1.9%
	0.3%	0.4%
	1.5%	0.7%
	0.8%	0.4%
	0.2%	3.6%
	40.3%	4.1%
Value of Owner-Occupied Housing
	18.7%	2.6%
	15.5%	2.4%
	15.6%	2.8%
	6.0%	3.9%
	4.8%	4.5%
	7.2%	11.3%
	9.5%	13.0%
	12.2%	20.1%
	6.3%	13.6%
	1.7%	8.3%
	2.2%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.8%	13.6%
	0.8%	13.6%
	3.9%	13.6%
	2.5%	13.2%
	2.6%	14.8%
	3.9%	13.6%
	7.8%	10.0%
	15.5%	4.7%
	63.9%	12.2%

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