Zip 48203 (Detroit, MI) Housing

In Detroit, MI (48203), the median value of housing is $64,400, which is much lower than the US median value of $338,100. While the US experienced a 1 year house appreciation of 8.27%, in this area it was only 4.30%. This indicates that the housing market in this part of Detroit is not as strong as other areas across the country.

The median home cost in Detroit (zip 48203) is $64,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48203) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48203) real estate is 71 years old

The Rental Market in Detroit (zip 48203)

- Renters make up 32.5% of the Detroit (zip 48203) population
- 0.4% of houses and apartments in Detroit (zip 48203), 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
	14,369.0	139,647,020.0
	74	42
	$64,400	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,276	$2,690
	27.2%	57.4%
	38.2%	11.2%
	34.5%	31.4%
Vacant Housing
	0.4%	1.9%
	0.4%	0.4%
	0.4%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	36.9%	4.1%
Value of Owner-Occupied Housing
	16.3%	2.6%
	23.7%	2.4%
	15.8%	2.8%
	12.1%	3.9%
	8.4%	4.5%
	8.0%	11.3%
	4.0%	13.0%
	4.0%	20.1%
	3.2%	13.6%
	1.0%	8.3%
	2.8%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	2.9%	13.6%
	3.0%	13.2%
	8.1%	14.8%
	2.9%	13.6%
	17.2%	10.0%
	20.0%	4.7%
	37.0%	12.2%

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