Zip 48216 (Detroit, MI) Housing

Housing in Detroit, MI 48216 is currently valued at $177,400, which is significantly lower than the US Housing Median Value of $338,100. In the past year, the US House Appreciation was 8.27%, whereas housing in Detroit only appreciated by 4.30%. This data reveals that despite some appreciation in home values over the last year in Detroit, it has not kept up with the national average.

The median home cost in Detroit (zip 48216) is $177,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48216) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48216) real estate is 78 years old

The Rental Market in Detroit (zip 48216)

- Renters make up 43.8% of the Detroit (zip 48216) population
- 2.5% of houses and apartments in Detroit (zip 48216), 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
	3,133.0	139,647,020.0
	65	42
	$177,400	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,244	$2,690
	28.4%	57.4%
	20.1%	11.2%
	51.5%	31.4%
Vacant Housing
	2.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	17.1%	4.1%
Value of Owner-Occupied Housing
	6.4%	2.6%
	5.7%	2.4%
	10.6%	2.8%
	4.4%	3.9%
	11.8%	4.5%
	10.1%	11.3%
	14.0%	13.0%
	20.1%	20.1%
	4.8%	13.6%
	9.4%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	2.4%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.2%	13.6%
	14.2%	13.6%
	3.9%	13.6%
	2.4%	13.2%
	6.1%	14.8%
	3.9%	13.6%
	5.3%	10.0%
	6.9%	4.7%
	56.3%	12.2%

Reviews for Detroit

See all (0)

Write a Review

Start Your Review of Detroit

Commute