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Detroit city, MI

ZIP 48216 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48216

Median Home Value
$225,300
Median Rent
$677
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,447/mo PITI).

19%
Rent-to-Income Ratio

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

5.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.7 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 48216 in Detroit city, MI, a household would need roughly $62,000 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 $1,447. That is about 47% above the local median household income ($42,278), 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

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.6%-46% vs US avg
x
Vacancy Rate
20.3%+97% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
5.5%-57% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
23.6%-53% vs US avg
x
Mortgage-Free
52.9%+38% vs US avg
x
$225,300
Home Value
$677
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached41.4%
  • 1-unit attached16.2%
  • 2-9 units10.0%
  • 10+ units31.6%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$225,300
Median rent$677
Owner-occupied35.6%
Vacant20.3%
Price-to-income5.3x
Est. income to buy$62,000