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Detroit city, MI

ZIP 48205 — 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 48205

Median Home Value
$55,700
Median Rent
$754
Affordability Snapshot
$15,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$358/mo PITI).

22%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

6.2 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 48205 in Detroit city, MI, a household would need roughly $15,000 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 $358. That sits below the local median household income ($40,612), 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 25% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (30% built before 1939)

Owner Occupied
41.5%-36% vs US avg
x
Vacancy Rate
25.4%+147% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
30.3%+137% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
28.4%-43% vs US avg
x
Mortgage-Free
70.2%+84% vs US avg
x
$55,700
Home Value
$754
Rent
1950
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached87.6%
  • 1-unit attached3.8%
  • 2-9 units3.5%
  • 10+ units4.7%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$55,700
Median rent$754
Owner-occupied41.5%
Vacant25.4%
Price-to-income1.4x
Est. income to buy$15,000