Located in the city of Detroit, MI, 48210 has a median house value of $54,000, which is much lower than the US median house value of $338,100. Although the US housing market overall has seen an 8.27% appreciation rate over the past year, 48210 has had only a 4.30% appreciation rate in that same period. This disparity likely reflects the overall economic conditions in Detroit and indicates that if current trends continue, many people may not be able to afford to live in Detroit in the near future.
The median home cost in Detroit (zip 48210) is $54,000. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48210) is up 9.7%.
Average Age of Homes
- The median age of Detroit (zip 48210) real estate is 78 years old
The Rental Market in Detroit (zip 48210)
- Renters make up 34.5% of the Detroit (zip 48210) population
- 1.2% of houses and apartments in Detroit (zip 48210), 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.