Zip 48207 (Detroit, MI) Housing

Housing in 48207 Detroit, MI is relatively more affordable than the US average. The median value of a house in 48207 Detroit, MI is $168,600, which is significantly lower than the US median house value of $338,100. Over the last year, the appreciation of house value in 48207 Detroit, MI was 4.30%, which is slightly lower than the national 1 year house appreciation rate of 8.27%. Therefore, 48207 Detroit, MI provides an attractive housing option for buyers looking for an affordable home.

The median home cost in Detroit (zip 48207) is $168,600. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48207) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48207) real estate is 53 years old

The Rental Market in Detroit (zip 48207)

- Renters make up 61.2% of the Detroit (zip 48207) population
- 3.0% of houses and apartments in Detroit (zip 48207), 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
	12,504.0	139,647,020.0
	55	42
	$168,600	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,428	$2,690
	22.4%	57.4%
	14.3%	11.2%
	63.3%	31.4%
Vacant Housing
	3.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	9.8%	4.1%
Value of Owner-Occupied Housing
	10.3%	2.6%
	10.0%	2.4%
	7.2%	2.8%
	5.5%	3.9%
	6.3%	4.5%
	12.2%	11.3%
	12.1%	13.0%
	20.9%	20.1%
	10.3%	13.6%
	2.5%	8.3%
	2.0%	9.7%
	0.5%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	7.6%	13.6%
	10.6%	13.2%
	14.0%	14.8%
	7.6%	13.6%
	11.7%	10.0%
	3.9%	4.7%
	21.2%	12.2%

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