The story of this market
The typical home in ZIP 48204 sells for about $85,817, or $53 per square foot.
Prices are down 9.5% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,052 a month.
ZIP 48204 — Detroit
The 48204 housing market is characterized by low price points and a slow pace of sales, with a median listing price of approximately $85,817. Market data indicates a year-over-year decline in home values of 9.5% and a median time on market of 76 days, reflecting a cool market environment. Many specific metrics such as sale-to-list ratios and detailed demographic breakdowns are not currently published at the ZIP level.
Median prices moved down 9.5% year over year.
Homes spend a median of 76 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 17.5% · poverty 36.0% — elevated distress and economic pressure.
Built from 428 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZCTA 48204
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
not determinable
- Little Caesars Arena4.64.7 mi
- Comerica Park4.75 mi
- Ford Field4.65.2 mi
- Huntington Place4.55.4 mi
- Masonic Temple4.44.4 mi
- Ambassador Bridge45.3 mi
- Comerica Park4.75 mi
- Henry Ford Museum of American Innovation4.86.7 mi
- Detroit Zoo4.57.4 mi
- Detroit Institute of Arts4.83.8 mi
- Henry Ford Museum of American Innovation4.86.7 mi
- Detroit Institute of Arts4.83.8 mi
- Greenfield Village4.86.6 mi
- Michigan Central4.84.2 mi
- Motown Museum4.72.6 mi
- Campus Martius Park4.75.4 mi
- Detroit Riverwalk4.86.1 mi
- Heritage Park4.712.2 mi
- Red Oaks Waterpark4.410.7 mi
- Ford Field Park4.66.9 mi
- Big Time Entertainment4.48.1 mi
- Western Golf & Country Club4.68.4 mi
- Rackham Golf Course3.87.4 mi
- Seven Lakes Golf Course Ltd4.211.8 mi
- Rouge Park Golf Course4.25.6 mi
- Devonshire Mall4.39.5 mi
- Fairlane Town Center4.15.7 mi
- Oakland Mall4.111.6 mi
- Windsor Crossing Premium Outlets4.211 mi
- Meijer45.2 mi
- Detroit Metropolitan Wayne County Airport4.315.4 mi
- Windsor International Airport4.211.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).