Zip 48214 (Detroit, MI) Housing

The housing in 48214 Detroit, MI is significantly lower than the US median house value which is $338,100. The median value of housing in this area is $83,800. Over the past year, appreciation on houses in 48214 Detroit, MI has been 4.30%, far lower than the national average of 8.27%. This low appreciation rate suggests that house prices may not be rising quickly in this area, providing an opportunity for potential buyers to get into a more affordable neighborhood.

The median home cost in Detroit (zip 48214) is $83,800. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48214) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48214) real estate is 76 years old

The Rental Market in Detroit (zip 48214)

- Renters make up 40.6% of the Detroit (zip 48214) population
- 1.7% of houses and apartments in Detroit (zip 48214), 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
	13,383.0	139,647,020.0
	65	42
	$83,800	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.27	$10.98
	$1,615	$2,690
	30.4%	57.4%
	28.7%	11.2%
	40.9%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	1.3%	0.4%
	0.0%	3.6%
	25.0%	4.1%
Value of Owner-Occupied Housing
	16.5%	2.6%
	11.8%	2.4%
	13.0%	2.8%
	7.5%	3.9%
	6.8%	4.5%
	7.7%	11.3%
	5.2%	13.0%
	12.6%	20.1%
	8.1%	13.6%
	2.6%	8.3%
	5.7%	9.7%
	1.0%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.6%	13.6%
	6.6%	13.6%
	2.5%	13.6%
	2.5%	13.2%
	5.2%	14.8%
	2.5%	13.6%
	11.2%	10.0%
	10.5%	4.7%
	51.6%	12.2%

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