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Detroit city, MI

ZIP 48224 — 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 48224

Median Home Value
$77,900
Median Rent
$807
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$500/mo PITI).

23%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

8.0 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 48224 in Detroit city, MI, a household would need roughly $21,000 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 $500. That sits below the local median household income ($42,963), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (29% built before 1939)

Owner Occupied
54.1%-17% vs US avg
x
Vacancy Rate
19.8%+92% vs US avg
x
Broadband Access
88.3%+2% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
29.2%+128% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
38.4%-23% vs US avg
x
Mortgage-Free
63.9%+67% vs US avg
x
$77,900
Home Value
$807
Rent
1945
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 detached83.2%
  • 1-unit attached7.7%
  • 2-9 units4.9%
  • 10+ units4.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,900
Median rent$807
Owner-occupied54.1%
Vacant19.8%
Price-to-income1.8x
Est. income to buy$21,000