Zip 48221 (Detroit, MI) Housing

Housing in 48221 Detroit, MI is significantly lower than the US median value. The housing median value in this zip code is $130,400, while the US house median value is $338,100. Over the past year, US houses have appreciated by 8.27% while houses in 48221 Detroit have only appreciated by 4.30%. This demonstrates that homes in this area are increasing much slower in value than those across the country as a whole.

The median home cost in Detroit (zip 48221) is $130,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48221) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48221) real estate is 72 years old

The Rental Market in Detroit (zip 48221)

- Renters make up 25.1% of the Detroit (zip 48221) population
- 0.3% of houses and apartments in Detroit (zip 48221), 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
	17,389.0	139,647,020.0
	76	42
	$130,400	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$20.13	$10.98
	$1,918	$2,690
	57.5%	57.4%
	11.5%	11.2%
	31.0%	31.4%
Vacant Housing
	0.3%	1.9%
	0.1%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	0.0%	3.6%
	10.0%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	8.8%	2.4%
	12.8%	2.8%
	14.9%	3.9%
	10.5%	4.5%
	15.7%	11.3%
	11.2%	13.0%
	12.5%	20.1%
	5.2%	13.6%
	2.8%	8.3%
	0.3%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.1%	13.6%
	1.1%	13.6%
	2.0%	13.6%
	0.4%	13.2%
	2.1%	14.8%
	2.0%	13.6%
	24.0%	10.0%
	25.6%	4.7%
	38.2%	12.2%

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