Housing in 48211 Detroit, MI is much more affordable than the national average. The median value of a home in this area is $54,300, compared to the US median value of $338,100. While the rate of appreciation for homes across the US was 8.27% over the past year, that same rate in 48211 Detroit was 4.30%. This data suggests that even though home values may be increasing modestly locally, they are still far below market prices seen elsewhere in the country.
The median home cost in Detroit (zip 48211) is $54,300. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Detroit (zip 48211) is up 9.7%.
Average Age of Homes
- The median age of Detroit (zip 48211) real estate is 78 years old
The Rental Market in Detroit (zip 48211)
- Renters make up 32.0% of the Detroit (zip 48211) population
- 0.6% of houses and apartments in Detroit (zip 48211), 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.