Zip 48201 (Detroit, MI) Housing

The housing market in Detroit, MI 48201 is currently valued at $405,800. While this is higher than the national median value of $338,100, the 1 year appreciation rate for housing in 48201 is 4.30%, which is much lower than the US 1 year House Appreciation rate of 8.27%. This suggests that although the housing market in Detroit may be more expensive than other areas across the country, it might not be a good investment right now since it's not gaining as much value as other markets.

The median home cost in Detroit (zip 48201) is $405,800. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48201) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48201) real estate is 52 years old

The Rental Market in Detroit (zip 48201)

- Renters make up 66.8% of the Detroit (zip 48201) population
- 2.6% of houses and apartments in Detroit (zip 48201), 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
	9,644.0	139,647,020.0
	49	42
	$405,800	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$3,035	$2,690
	8.7%	57.4%
	19.7%	11.2%
	71.5%	31.4%
Vacant Housing
	2.6%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.4%	0.4%
	1.1%	3.6%
	15.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.4%	2.4%
	3.4%	2.8%
	0.0%	3.9%
	0.8%	4.5%
	3.8%	11.3%
	9.0%	13.0%
	17.2%	20.1%
	33.1%	13.6%
	13.2%	8.3%
	9.6%	9.7%
	8.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.5%	13.6%
	16.5%	13.6%
	7.1%	13.6%
	6.1%	13.2%
	14.9%	14.8%
	7.1%	13.6%
	5.8%	10.0%
	4.5%	4.7%
	33.0%	12.2%

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