Zip 48224 (Detroit, MI) Housing

The housing in Detroit, MI (Zip Code 48224) has a median value of $80,000 which is significantly lower than the US median value of $338,100. While the US experienced an appreciation in house values of 8.27% over the last year, Detroit saw an appreciation of 4.30%, indicating that its housing market is growing at a slower rate than other areas throughout America.

The median home cost in Detroit (zip 48224) is $80,000. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48224) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48224) real estate is 72 years old

The Rental Market in Detroit (zip 48224)

- Renters make up 30.0% of the Detroit (zip 48224) population
- 3.4% of houses and apartments in Detroit (zip 48224), 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
	17,028.0	139,647,020.0
	75	42
	$80,000	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,466	$2,690
	43.7%	57.4%
	22.5%	11.2%
	33.8%	31.4%
Vacant Housing
	3.4%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	3.1%	0.4%
	0.2%	3.6%
	14.0%	4.1%
Value of Owner-Occupied Housing
	13.6%	2.6%
	21.8%	2.4%
	21.0%	2.8%
	13.6%	3.9%
	6.6%	4.5%
	12.2%	11.3%
	6.1%	13.0%
	4.1%	20.1%
	0.5%	13.6%
	0.1%	8.3%
	0.1%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.4%	13.6%
	1.4%	13.6%
	0.8%	13.6%
	2.3%	13.2%
	4.0%	14.8%
	0.8%	13.6%
	23.1%	10.0%
	31.5%	4.7%
	31.4%	12.2%

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