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Detroit city, MI

ZIP 48214 — Housing & Real Estate

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

Low Income AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48214

Median Home Value
$120,500
Median Rent
$690
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$774/mo PITI).

24%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

14.6 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 48214 in Detroit city, MI, a household would need roughly $33,000 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 $774. That is roughly in line with the local median household income ($34,807). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 27% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
42.5%-35% vs US avg
x
Vacancy Rate
27.1%+163% vs US avg
x
Broadband Access
78.6%-10% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
10.0%-22% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.7%-50% vs US avg
x
Mortgage-Free
62.0%+62% vs US avg
x
$120,500
Home Value
$690
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached36.1%
  • 1-unit attached11.0%
  • 2-9 units13.3%
  • 10+ units39.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,500
Median rent$690
Owner-occupied42.5%
Vacant27.1%
Price-to-income3.5x
Est. income to buy$33,000