Zip 48205 (Detroit, MI) Housing

Housing in 48205 Detroit, MI has a median value of $53,800 which is significantly lower than the US House median value of $338,100. The US 1-year house appreciation rate is 8.27% while the 1-year appreciation rate for homes in 48205 Detroit, MI is 4.30%. This lower appreciation rate highlights the fact that the housing market in this area remains relatively stagnant compared to other parts of the country.

The median home cost in Detroit (zip 48205) is $53,800. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48205) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48205) real estate is 70 years old

The Rental Market in Detroit (zip 48205)

- Renters make up 32.3% of the Detroit (zip 48205) population
- 0.9% of houses and apartments in Detroit (zip 48205), 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
	17,782.0	139,647,020.0
	72	42
	$53,800	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,231	$2,690
	22.9%	57.4%
	29.7%	11.2%
	47.4%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.6%	0.4%
	0.0%	3.6%
	27.4%	4.1%
Value of Owner-Occupied Housing
	22.5%	2.6%
	33.9%	2.4%
	16.8%	2.8%
	9.9%	3.9%
	6.5%	4.5%
	4.0%	11.3%
	2.1%	13.0%
	1.5%	20.1%
	0.7%	13.6%
	0.0%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.1%	13.6%
	1.1%	13.6%
	0.7%	13.6%
	1.5%	13.2%
	2.2%	14.8%
	0.7%	13.6%
	31.2%	10.0%
	36.9%	4.7%
	16.4%	12.2%

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