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Southfield city, MI

ZIP 48034 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48034

Median Home Value
$259,400
Median Rent
$1,143
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,666/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48034 in Southfield city, MI, a household would need roughly $71,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,666. That is about 19% above the local median household income ($59,634), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
24.4%-63% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
2.6%-83% vs US avg
x
Built Pre-1939
2.5%-80% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
33.8%-12% vs US avg
x
$259,400
Home Value
$1,143
Rent
1975
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached14.9%
  • 1-unit attached9.5%
  • 2-9 units14.1%
  • 10+ units60.6%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$259,400
Median rent$1,143
Owner-occupied24.4%
Vacant8.8%
Price-to-income4.3x
Est. income to buy$71,000