Zip 48215 (Detroit, MI) Housing

The housing market in 48215 Detroit, MI is significantly lower than the median house value in the US, with a value of $97,900 compared to $338,100. In the last year, however, the appreciation rate for homes in this region was slightly lower than the national rate at 4.30%, compared to 8.27% nationally. Despite this, homes in Detroit are still an attractive option for those looking for an affordable place to settle down and invest in real estate.

The median home cost in Detroit (zip 48215) is $97,900. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48215) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48215) real estate is 69 years old

The Rental Market in Detroit (zip 48215)

- Renters make up 34.9% of the Detroit (zip 48215) population
- 0.4% of houses and apartments in Detroit (zip 48215), 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
	6,318.0	139,647,020.0
	70	42
	$97,900	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,286	$2,690
	32.0%	57.4%
	28.2%	11.2%
	39.7%	31.4%
Vacant Housing
	0.4%	1.9%
	0.4%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	1.1%	3.6%
	25.9%	4.1%
Value of Owner-Occupied Housing
	7.9%	2.6%
	13.1%	2.4%
	12.9%	2.8%
	6.1%	3.9%
	11.7%	4.5%
	13.6%	11.3%
	15.1%	13.0%
	9.5%	20.1%
	3.7%	13.6%
	0.4%	8.3%
	3.5%	9.7%
	1.4%	3.9%
	1.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.6%	13.6%
	12.6%	13.6%
	11.6%	13.6%
	4.4%	13.2%
	2.6%	14.8%
	11.6%	13.6%
	15.1%	10.0%
	12.0%	4.7%
	35.9%	12.2%

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