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Detroit city, MI

ZIP 48206 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48206

Median Home Value
$102,300
Median Rent
$674
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$657/mo PITI).

19%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.6 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 48206 in Detroit city, MI, a household would need roughly $28,000 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 $657. That sits below the local median household income ($43,702), 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 39% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
51.3%-22% vs US avg
x
Vacancy Rate
39.0%+279% vs US avg
x
Broadband Access
80.2%-8% vs US avg
x
4+ Bedrooms
9.2%-38% vs US avg
x
Built Pre-1939
12.7%-1% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
21.4%-57% vs US avg
x
Mortgage-Free
73.2%+92% vs US avg
x
$102,300
Home Value
$674
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached55.2%
  • 1-unit attached12.5%
  • 2-9 units17.2%
  • 10+ units14.3%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$102,300
Median rent$674
Owner-occupied51.3%
Vacant39.0%
Price-to-income2.3x
Est. income to buy$28,000