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Detroit city, MI

ZIP 48202 — 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 48202

Median Home Value
$193,700
Median Rent
$779
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,244/mo PITI).

26%
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.

20.7 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 48202 in Detroit city, MI, a household would need roughly $53,000 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 $1,244. That is about 45% above the local median household income ($36,536), 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 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
30.1%-54% vs US avg
x
Vacancy Rate
26.2%+154% vs US avg
x
Broadband Access
79.4%-9% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
52.3%+37% vs US avg
x
$193,700
Home Value
$779
Rent
1938
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 detached25.4%
  • 1-unit attached9.0%
  • 2-9 units18.4%
  • 10+ units46.8%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$193,700
Median rent$779
Owner-occupied30.1%
Vacant26.2%
Price-to-income5.3x
Est. income to buy$53,000