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Detroit city, MI

ZIP 48209 — 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 48209

Median Home Value
$82,800
Median Rent
$646
Affordability Snapshot
$23,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$532/mo PITI).

18%
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.

10.7 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 48209 in Detroit city, MI, a household would need roughly $23,000 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 $532. That sits below the local median household income ($42,152), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.5%-10% vs US avg
x
Vacancy Rate
17.3%+68% vs US avg
x
Broadband Access
83.0%-5% vs US avg
x
4+ Bedrooms
5.8%-60% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.6%-57% vs US avg
x
Mortgage-Free
77.6%+103% vs US avg
x
$82,800
Home Value
$646
Rent
1938
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 detached66.3%
  • 1-unit attached7.3%
  • 2-9 units16.9%
  • 10+ units8.9%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$82,800
Median rent$646
Owner-occupied58.5%
Vacant17.3%
Price-to-income2.0x
Est. income to buy$23,000