Zip 48219 (Detroit, MI) Housing

Housing in 48219 Detroit, MI has a median value of $86,500 which is much lower than the US median housing value of $338,100. In the past year, the US experienced an 8.27% increase in house appreciation whereas 48219 Detroit, MI only experienced a 4.30% appreciation rate in housing values. This is indicative of the struggling economy in Detroit and suggests that people may be wary of investing in housing in this area at this time.

The median home cost in Detroit (zip 48219) is $86,500. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48219) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48219) real estate is 64 years old

The Rental Market in Detroit (zip 48219)

- Renters make up 30.7% of the Detroit (zip 48219) population
- 1.4% of houses and apartments in Detroit (zip 48219), 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
	20,745.0	139,647,020.0
	68	42
	$86,500	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$23.19	$10.98
	$1,452	$2,690
	45.8%	57.4%
	14.5%	11.2%
	39.7%	31.4%
Vacant Housing
	1.4%	1.9%
	0.2%	0.4%
	2.5%	0.7%
	1.9%	0.4%
	0.0%	3.6%
	8.4%	4.1%
Value of Owner-Occupied Housing
	11.5%	2.6%
	16.6%	2.4%
	19.7%	2.8%
	17.5%	3.9%
	11.5%	4.5%
	11.5%	11.3%
	8.2%	13.0%
	2.4%	20.1%
	0.7%	13.6%
	0.1%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	2.1%	13.6%
	1.9%	13.2%
	6.7%	14.8%
	2.1%	13.6%
	37.5%	10.0%
	25.2%	4.7%
	13.2%	12.2%

Reviews for Detroit

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Bernice · Detroit, MI

I used to like living here.

Over 16 years ago

Detroit, has a bad reputation. I have lived here since I was 5 years old and I'm now 63. I have seen the good times and the bad times. This is not a city I'd recommend More

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