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Detroit city, MI

ZIP 48235 — 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 48235

Median Home Value
$79,400
Median Rent
$830
Affordability Snapshot
$22,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$510/mo PITI).

24%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

8.0 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 48235 in Detroit city, MI, a household would need roughly $22,000 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 $510. That sits below the local median household income ($41,011), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (24% built before 1939)

Owner Occupied
56.4%-14% vs US avg
x
Vacancy Rate
11.4%+10% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
24.1%+88% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.8%-32% vs US avg
x
Mortgage-Free
58.4%+53% vs US avg
x
$79,400
Home Value
$830
Rent
1953
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached81.9%
  • 1-unit attached6.8%
  • 2-9 units4.9%
  • 10+ units5.6%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$79,400
Median rent$830
Owner-occupied56.4%
Vacant11.4%
Price-to-income1.9x
Est. income to buy$22,000