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Detroit city, MI

ZIP 48227 — 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 48227

Median Home Value
$70,900
Median Rent
$743
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$455/mo PITI).

25%
Rent-to-Income Ratio

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

2.0x
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 48227 in Detroit city, MI, a household would need roughly $19,000 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 $455. That sits below the local median household income ($36,221), 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 22% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (34% built before 1939)

Owner Occupied
56.5%-14% vs US avg
x
Vacancy Rate
22.2%+115% vs US avg
x
Broadband Access
75.5%-13% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
34.1%+166% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
35.1%-29% vs US avg
x
Mortgage-Free
73.7%+93% vs US avg
x
$70,900
Home Value
$743
Rent
1945
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 detached79.3%
  • 1-unit attached6.9%
  • 2-9 units6.8%
  • 10+ units6.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$70,900
Median rent$743
Owner-occupied56.5%
Vacant22.2%
Price-to-income2.0x
Est. income to buy$19,000