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Detroit city, MI

ZIP 48217 — 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 48217

Median Home Value
$45,100
Median Rent
$808
Affordability Snapshot
$12,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$290/mo PITI).

21%
Rent-to-Income Ratio

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

1.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

4.7 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 48217 in Detroit city, MI, a household would need roughly $12,000 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 $290. That sits below the local median household income ($46,671), 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 13% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (22% built before 1939)

Owner Occupied
60.2%-8% vs US avg
x
Vacancy Rate
12.9%+25% vs US avg
x
Broadband Access
85.5%-2% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
22.0%+72% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
17.4%-65% vs US avg
x
Mortgage-Free
76.0%+99% vs US avg
x
$45,100
Home Value
$808
Rent
1952
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 detached85.9%
  • 1-unit attached0.8%
  • 2-9 units3.1%
  • 10+ units9.7%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$45,100
Median rent$808
Owner-occupied60.2%
Vacant12.9%
Price-to-income1.0x
Est. income to buy$12,000