The story of this market
The typical home in ZIP 48207 sells for about $199,500, or $156 per square foot.
Prices are up +5% from a year ago, so sellers still have some momentum. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,108 a month.
ZIP 48207 — Detroit
The 48207 housing market shows moderate activity with a median sale price of $199,500 as of March 2026. Market metrics such as months of supply, sale-to-list ratio, and median rent are not currently published at the ZIP level. The area has seen a 5% year-over-year increase in home prices.
Median prices moved up 5.0% 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 8.1% · poverty 29.3% — a mixed stability profile.
Built from 60 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 48207, 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.
Data sourced from Data Commons/Census Bureau
- Dave & Buster's Utica4.119.5 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.42.4 mi
- Urban Air Trampoline and Adventure Park4.219 mi
- Red Oaks Waterpark4.412.5 mi
- Activate Games519.4 mi
- Little Caesars Arena4.61.6 mi
- Comerica Park4.71.4 mi
- Ford Field4.61.2 mi
- Huntington Place4.52 mi
- Masonic Temple4.41.8 mi
- Ambassador Bridge43.6 mi
- Comerica Park4.71.4 mi
- Henry Ford Museum of American Innovation4.811.1 mi
- Detroit Zoo4.510.9 mi
- Detroit Institute of Arts4.82.1 mi
- Henry Ford Museum of American Innovation4.811.1 mi
- Detroit Institute of Arts4.82.1 mi
- Greenfield Village4.811 mi
- Michigan Central4.83 mi
- Motown Museum4.73.4 mi
- Campus Martius Park4.71.6 mi
- Detroit Riverwalk4.81.3 mi
- Ford House4.710.6 mi
- Red Oaks Waterpark4.412.5 mi
- Riverside Park4.53.8 mi
- Detroit Yacht Club4.62.6 mi
- Sindbad's Restaurant and Marina4.22.7 mi
- Riverside Marina4.43 mi
- Safe Harbor Detroit River4.52.8 mi
- Big Time Entertainment4.44.1 mi
- Rackham Golf Course3.811.3 mi
- Seven Lakes Golf Course Ltd4.28.9 mi
- Ambassador Golf Club4.57.1 mi
- Rouge Park Golf Course4.211.5 mi
- Devonshire Mall4.35.2 mi
- Fairlane Town Center4.110.3 mi
- Windsor Crossing Premium Outlets4.27.5 mi
- Meijer48.2 mi
- Tecumseh Mall3.95.1 mi
- Detroit Metropolitan Wayne County Airport4.319.2 mi
- Windsor International Airport4.26.5 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%).