The story of this market
The typical home in ZIP 48206 sells for about $140,000, or $57 per square foot.
Prices are up +51.4% from a year ago, so sellers still have some momentum. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $965 a month.
ZIP 48206 — Detroit
The 48206 housing market shows significant volatility with a median sale price of $140,000, reflecting a 51.4% year-over-year increase. Market data for inventory, tax rates, and specific demographic breakdowns are not currently available at the ZIP level. The area remains a niche market within Detroit with varying price points across historic districts.
Median prices moved up 51.4% year over year.
Homes spend a median of 80 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 18.7% · poverty 24.8% — elevated distress and economic pressure.
Built from 466 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 48206, Wayne County, MI
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
- Dave & Buster's Livonia416.5 mi
- Dave & Buster's Utica4.118.1 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.45.3 mi
- Urban Air Trampoline and Adventure Park4.217.7 mi
- Red Oaks Waterpark4.410 mi
- Little Caesars Arena4.63.6 mi
- Comerica Park4.74 mi
- Ford Field4.64.1 mi
- Huntington Place4.54.6 mi
- Masonic Temple4.43.4 mi
- Ambassador Bridge45 mi
- Comerica Park4.74 mi
- Henry Ford Museum of American Innovation4.88.3 mi
- Detroit Zoo4.57.2 mi
- Detroit Institute of Arts4.82.5 mi
- Henry Ford Museum of American Innovation4.88.3 mi
- Detroit Institute of Arts4.82.5 mi
- Greenfield Village4.88.2 mi
- Michigan Central4.83.7 mi
- Motown Museum4.71.3 mi
- Campus Martius Park4.74.4 mi
- Detroit Riverwalk4.85 mi
- Red Oaks Waterpark4.410 mi
- Ford Field Park4.68.5 mi
- Riverside Park4.54.7 mi
- Detroit Yacht Club4.67 mi
- Sindbad's Restaurant and Marina4.26.9 mi
- Riverside Marina4.47.2 mi
- Safe Harbor Detroit River4.57 mi
- Big Time Entertainment4.47.4 mi
- Western Golf & Country Club4.610 mi
- Rackham Golf Course3.87.4 mi
- Maple Lane Golf Club and Driving Range412.1 mi
- Seven Lakes Golf Course Ltd4.211.7 mi
- Devonshire Mall4.38.9 mi
- Oakland Mall4.111 mi
- Fairlane Town Center4.17.3 mi
- Windsor Crossing Premium Outlets4.210.7 mi
- Detroit Metropolitan Wayne County Airport4.317 mi
- Windsor International Airport4.210.9 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%).