Housing in 48221 Detroit, MI is significantly lower than the US median value. The housing median value in this zip code is $130,400, while the US house median value is $338,100. Over the past year, US houses have appreciated by 8.27% while houses in 48221 Detroit have only appreciated by 4.30%. This demonstrates that homes in this area are increasing much slower in value than those across the country as a whole.
The median home cost in Detroit (zip 48221) is $130,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48221) is up 9.7%.
Average Age of Homes
- The median age of Detroit (zip 48221) real estate is 72 years old
The Rental Market in Detroit (zip 48221)
- Renters make up 25.1% of the Detroit (zip 48221) population
- 0.3% of houses and apartments in Detroit (zip 48221), 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.