The story of this market
The typical home in ZIP 48209 sells for about $154,900, or $105 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $883 a month.
ZIP 48209 — Detroit
The 48209 housing market is showing signs of recovery with a year-over-year price increase of 5.2% and a steady volume of closed sales. While inventory remains tight, the market is attracting interest from investors and first-time buyers drawn by the relatively low entry price point compared to the broader Detroit metro area.
This ZIP is well-suited for budget-conscious family buyers and investors looking for entry-level housing opportunities in an urban setting with proximity to Detroit's core.
Median prices moved up 5.2% year over year.
Homes spend a median of 34 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.5% · poverty 28.5% — 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 12.0%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 48209, 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.
Crime rates in the 48209 area remain elevated compared to the national average, with property and violent crime trends consistent with broader urban patterns in Detroit.
Public schools serving the area generally receive lower performance ratings, with many local families seeking alternative charter or magnet options within the Detroit Public Schools Community District.
The area faces standard urban environmental risks, including potential for localized flooding during heavy rain events and typical industrial-zone air quality considerations.
Economic momentum is driven by proximity to Detroit's industrial corridors and ongoing revitalization efforts in the Springwells neighborhood, though large-scale commercial development remains limited.
Property taxes are assessed by Wayne County and the City of Detroit, with rates reflecting the city's millage structure; exemptions are available for primary residences under the Michigan Homestead Property Tax Credit.
Residents benefit from direct access to I-75 and I-94, providing relatively efficient transit to downtown Detroit and major regional employment hubs.
The area features local neighborhood parks and is within a short drive of the Detroit River waterfront, offering access to regional trails and recreational facilities.
The rental market is characterized by high demand for affordable housing, with limited vacancy pressure and a significant presence of small-scale individual investors.
The local economy is anchored by manufacturing, logistics, and service-sector employment, with significant influence from the broader Detroit automotive and industrial base.
The area is served by major highway corridors including I-75, facilitating regional connectivity for commuters.
Development is largely focused on small-scale infill and residential renovation projects within the existing urban grid.
The Wayne County assessment regime follows state-mandated equalization processes, with annual adjustments based on market sales data.
Parcels are subject to Detroit Public Schools Community District levies and standard municipal utility service districts.
Property insurance premiums in Detroit are generally higher than the national average due to regional risk factors and urban density.
Michigan utilizes a non-judicial foreclosure process for mortgages, with specific notice and redemption periods defined by state law.
Michigan law requires sellers to provide a written disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from data.census.gov ZCTA 48209 profile.
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.
- Little Caesars Arena4.64.3 mi
- Comerica Park4.74.4 mi
- Ford Field4.64.5 mi
- Huntington Place4.53.9 mi
- Masonic Temple4.44.1 mi
- Ambassador Bridge42.3 mi
- Comerica Park4.74.4 mi
- Henry Ford Museum of American Innovation4.86 mi
- Detroit Zoo4.512.3 mi
- Detroit Institute of Arts4.84.9 mi
- Henry Ford Museum of American Innovation4.86 mi
- Detroit Institute of Arts4.84.9 mi
- Greenfield Village4.85.9 mi
- Michigan Central4.82.8 mi
- Motown Museum4.74.6 mi
- Campus Martius Park4.74.2 mi
- Detroit Riverwalk4.84.8 mi
- Heritage Park4.79.1 mi
- Ford Field Park4.66.6 mi
- Riverside Park4.52 mi
- Motor City Marina4.55.2 mi
- Wyandotte Boat Club4.67.3 mi
- Boaters Value Store4.75.3 mi
- Ecorse Boat Ramp3.84.7 mi
- Seaway Boat Club4.85.4 mi
- Big Time Entertainment4.44.7 mi
- Western Golf & Country Club4.611.4 mi
- Rackham Golf Course3.812.4 mi
- Seven Lakes Golf Course Ltd4.27.2 mi
- Lakes of Taylor Golf Course4.310.6 mi
- Devonshire Mall4.36.1 mi
- Fairlane Town Center4.15.5 mi
- Windsor Crossing Premium Outlets4.26.7 mi
- Meijer410 mi
- Tecumseh Mall3.99.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space serving the neighborhood.
Regional attraction offering trails and recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.