Zip 48226 (Detroit, MI) Housing

The housing market in 48226 Detroit, MI is slightly below the national median value at $296,000. The US median house value is $338,100. While the US 1 year house appreciation rate is 8.27%, the house 1 year appreciation rate in 48226 Detroit, MI is 4.30%. This suggests that the housing market in this area may not be as strong as other areas of the country. There are likely to be more bargains found here than in other regions with higher levels of house appreciation.

The median home cost in Detroit (zip 48226) is $296,000. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48226) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48226) real estate is 58 years old

The Rental Market in Detroit (zip 48226)

- Renters make up 69.6% of the Detroit (zip 48226) population
- 4.8% of houses and apartments in Detroit (zip 48226), 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
	4,722.0	139,647,020.0
	60	42
	$296,000	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$2,103	$2,690
	9.3%	57.4%
	17.8%	11.2%
	72.9%	31.4%
Vacant Housing
	4.8%	1.9%
	2.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	4.0%	3.6%
	6.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	2.7%	11.3%
	3.0%	13.0%
	50.7%	20.1%
	33.0%	13.6%
	0.0%	8.3%
	4.3%	9.7%
	6.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.6%	0.2%
	1.1%	13.6%
	1.1%	13.6%
	3.2%	13.6%
	27.3%	13.2%
	6.1%	14.8%
	3.2%	13.6%
	3.7%	10.0%
	3.7%	4.7%
	42.1%	12.2%

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