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Detroit city, MI

ZIP 48223 — 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 48223

Median Home Value
$87,700
Median Rent
$773
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$563/mo PITI).

22%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.5 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 48223 in Detroit city, MI, a household would need roughly $24,000 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 $563. That sits below the local median household income ($42,324), 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 18% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (28% built before 1939)

Owner Occupied
55.5%-15% vs US avg
x
Vacancy Rate
17.9%+74% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
27.8%+117% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
28.0%-44% vs US avg
x
Mortgage-Free
59.2%+55% vs US avg
x
$87,700
Home Value
$773
Rent
1950
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 detached78.3%
  • 1-unit attached4.8%
  • 2-9 units7.4%
  • 10+ units9.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$87,700
Median rent$773
Owner-occupied55.5%
Vacant17.9%
Price-to-income2.1x
Est. income to buy$24,000