The story of this market
The typical home in ZIP 48201 sells for about $428,000, or $315 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $914 a month.
ZIP 48201 — Detroit
The 48201 housing market is currently in a cooling phase as inventory levels rise, providing more options for buyers after a period of tight supply. While median prices remain elevated due to institutional demand in Midtown, the market is shifting toward a more balanced state. Ongoing development in the medical and educational sectors continues to support long-term interest in the area.
This ZIP is ideal for students, young professionals, and urban dwellers who prioritize proximity to universities, hospitals, and downtown cultural amenities over traditional suburban family housing.
Median prices moved up 2.1% year over year.
Homes spend a median of 56 days on market with 5.8 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 98.82% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.5% · poverty 43.3% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48201, Wayne County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools in the area are part of the Detroit Public Schools Community District, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily urban with standard municipal fire and emergency services; flood risk is generally low but localized urban drainage issues can occur during heavy rain events.
Midtown Detroit is a hub for institutional growth, anchored by major employers like Wayne State University, the Detroit Medical Center, and Henry Ford Health System.
Property taxes are assessed by the City of Detroit and Wayne County; the effective rate is approximately 1.0%, with various millage rates applied for schools and municipal services.
Residents benefit from proximity to downtown Detroit, with most commutes under 25 minutes via major corridors like I-75 and I-94.
The area features proximity to cultural amenities including the Detroit Institute of Arts, the Detroit Public Library, and various parks like Cass Park and the Midtown greenways.
The rental market is highly active with a high renter share of approximately 89%, driven by the student and young professional population in Midtown.
The economy is heavily driven by healthcare, education, and research, with Wayne State University and the Detroit Medical Center serving as primary economic engines.
The area is served by the QLINE streetcar and extensive bus networks, providing connectivity to downtown and surrounding neighborhoods.
Significant ongoing investment in mixed-use residential and commercial developments continues to reshape the Midtown corridor.
Parcels are subject to Detroit Public Schools Community District taxes and various municipal special assessment districts.
Property insurance premiums in Detroit are generally higher than the national average due to urban risk factors and historical claims data.
Data retrieved from Census Reporter and ACS 5-year profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Livonia419.3 mi
- Dave & Buster's Utica4.119.7 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.42.3 mi
- Red Oaks Waterpark4.412.1 mi
- Urban Air Trampoline and Adventure Park4.219.2 mi
- Little Caesars Arena4.60.5 mi
- Comerica Park4.70.9 mi
- Ford Field4.61 mi
- Huntington Place4.51.6 mi
- Masonic Temple4.40.5 mi
- Ambassador Bridge42.7 mi
- Comerica Park4.70.9 mi
- Henry Ford Museum of American Innovation4.89.4 mi
- Detroit Zoo4.510 mi
- Detroit Institute of Arts4.80.8 mi
- Henry Ford Museum of American Innovation4.89.4 mi
- Detroit Institute of Arts4.80.8 mi
- Greenfield Village4.89.3 mi
- Michigan Central4.81.6 mi
- Motown Museum4.71.8 mi
- Campus Martius Park4.71.3 mi
- Detroit Riverwalk4.81.9 mi
- Red Oaks Waterpark4.412.1 mi
- Ford House4.712 mi
- Riverside Park4.52.7 mi
- Detroit Yacht Club4.64.4 mi
- Sindbad's Restaurant and Marina4.24.5 mi
- Riverside Marina4.44.8 mi
- Bayview Yacht Club4.75.6 mi
- Safe Harbor Detroit River4.54.6 mi
- Big Time Entertainment4.44.5 mi
- Western Golf & Country Club4.612.6 mi
- Rackham Golf Course3.810.3 mi
- Seven Lakes Golf Course Ltd4.29.1 mi
- Ambassador Golf Club4.56.6 mi
- Devonshire Mall4.35.9 mi
- Fairlane Town Center4.18.6 mi
- Windsor Crossing Premium Outlets4.27.9 mi
- Meijer47.3 mi
- Tecumseh Mall3.96.8 mi
- Detroit Metropolitan Wayne County Airport4.317.6 mi
- Windsor International Airport4.27.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-class art museum located in the heart of Midtown.
Historic urban park serving the local community.
Major anchor institution driving local economy and culture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.