Zip 48217 (Detroit, MI) Housing

Housing in 48217 Detroit, MI is significantly lower than the US median value for houses. The median value of housing in this area is $45,800 compared to the US median value of $338,100. While the US house appreciation for the same period was 8.27%, the house appreciation in 48217 Detroit, MI was only 4.30%. This shows that the area is not experiencing as much growth and appreciation as other areas across the country.

The median home cost in Detroit (zip 48217) is $45,800. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48217) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48217) real estate is 67 years old

The Rental Market in Detroit (zip 48217)

- Renters make up 33.6% of the Detroit (zip 48217) population
- 0.6% of houses and apartments in Detroit (zip 48217), 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
	2,942.0	139,647,020.0
	69	42
	$45,800	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,090	$2,690
	54.5%	57.4%
	8.0%	11.2%
	37.6%	31.4%
Vacant Housing
	0.6%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	6.2%	4.1%
Value of Owner-Occupied Housing
	11.5%	2.6%
	36.4%	2.4%
	16.2%	2.8%
	18.6%	3.9%
	3.9%	4.5%
	9.5%	11.3%
	0.6%	13.0%
	0.6%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	1.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.7%	13.6%
	1.7%	13.6%
	0.0%	13.6%
	1.0%	13.2%
	6.7%	14.8%
	0.0%	13.6%
	35.2%	10.0%
	22.1%	4.7%
	20.1%	12.2%

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