Zip 48234 (Detroit, MI) Housing

The housing market in the 48234 zip code of Detroit, MI is significantly lower than the US median value of $338,100. The median value for homes in this area is only $52,100. Despite this lower value for homes, the appreciation rate over the last year was still 4.30%, which is slightly below the national average of 8.27%. This suggests that even in Detroit's 48234 zip code market, there is potential for growth.

The median home cost in Detroit (zip 48234) is $52,100. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48234) is up 9.7%.

Average Age of Homes

- The median age of Detroit (zip 48234) real estate is 67 years old

The Rental Market in Detroit (zip 48234)

- Renters make up 30.3% of the Detroit (zip 48234) population
- 1.6% of houses and apartments in Detroit (zip 48234), 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
	16,091.0	139,647,020.0
	71	42
	$52,100	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$19.03	$10.98
	$1,206	$2,690
	40.5%	57.4%
	22.7%	11.2%
	36.8%	31.4%
Vacant Housing
	1.6%	1.9%
	0.3%	0.4%
	2.5%	0.7%
	1.0%	0.4%
	0.0%	3.6%
	17.4%	4.1%
Value of Owner-Occupied Housing
	21.2%	2.6%
	21.2%	2.4%
	25.9%	2.8%
	15.1%	3.9%
	10.2%	4.5%
	4.0%	11.3%
	0.9%	13.0%
	0.4%	20.1%
	0.0%	13.6%
	0.1%	8.3%
	0.3%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	0.8%	13.6%
	0.8%	13.6%
	1.2%	13.6%
	1.9%	13.2%
	3.2%	14.8%
	1.2%	13.6%
	35.5%	10.0%
	30.8%	4.7%
	18.4%	12.2%

Reviews for Detroit

See all (0)

Write a Review

Start Your Review of Detroit

Commute

The premier source for comprehensive city data for over 30 years.