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Detroit city, MI

ZIP 48215 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48215

Median Home Value
$105,400
Median Rent
$687
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$677/mo PITI).

24%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

12.8 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 48215 in Detroit city, MI, a household would need roughly $29,000 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 $677. That sits below the local median household income ($33,741), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
49.0%-25% vs US avg
x
Vacancy Rate
27.8%+170% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
13.1%+2% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
74.0%+94% vs US avg
x
$105,400
Home Value
$687
Rent
1951
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached53.8%
  • 1-unit attached20.1%
  • 2-9 units7.9%
  • 10+ units18.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$105,400
Median rent$687
Owner-occupied49.0%
Vacant27.8%
Price-to-income3.1x
Est. income to buy$29,000