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Detroit city, MI

ZIP 48201 — 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 48201

Median Home Value
$401,500
Median Rent
$727
Affordability Snapshot
$111,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,579/mo PITI).

36%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

16.5x
Home Price-to-Income Ratio

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

46.0 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 48201 in Detroit city, MI, a household would need roughly $111,000 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 $2,579. That is about 355% above the local median household income ($24,392), 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
11.3%-83% vs US avg
x
Vacancy Rate
20.5%+99% vs US avg
x
Broadband Access
83.5%-4% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
41.8%+10% vs US avg
x
$401,500
Home Value
$727
Rent
1970
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached5.5%
  • 1-unit attached12.7%
  • 2-9 units14.6%
  • 10+ units67.1%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$401,500
Median rent$727
Owner-occupied11.3%
Vacant20.5%
Price-to-income16.5x
Est. income to buy$111,000