The story of this market
The typical home in ZIP 48214 sells for about $159,000, or $85 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $842 a month.
ZIP 48214 — Detroit
The 48214 housing market is showing signs of stabilization as renovation activity in historic neighborhoods like West Village continues to attract interest. While inventory remains elevated and median prices are modest, the area is benefiting from the broader Detroit renaissance. Note that specific metrics like months of supply and sale-to-list ratios are estimated based on available portal data as official ZCTA-level monthly reports are not published.
This ZIP is ideal for investors and renovation-minded buyers seeking historic architectural character at a lower entry price point, as well as renters looking for proximity to the downtown core.
Median prices moved down 3.2% year over year.
Homes spend a median of 68 days on market with 7.4 months of supply — a balanced-paced market.
22% 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 9.0% · poverty 28.8% — a mixed stability profile.
Built from 269 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.
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 11.6%/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 4.9%/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 48214, Wayne County MI
Crime rates in the 48214 area remain significantly higher than the national average, consistent with broader trends observed in Detroit's urban core.
Public schools serving the area generally receive low performance ratings, with many residents opting for charter or private alternatives.
The area faces standard urban environmental risks, including potential for basement flooding during heavy rain events and aging infrastructure.
Economic momentum is driven by the ongoing revitalization of Detroit's historic neighborhoods, particularly in West Village and East Village, attracting renovation-focused investment.
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.
Residents have direct access to East Jefferson Avenue, providing a straightforward commute to Downtown Detroit and the riverfront employment hubs.
The ZIP features proximity to the Detroit River, Belle Isle Park, and the historic West Village shopping and dining corridor.
The rental market is characterized by high demand for historic multi-family conversions, though vacancy pressure remains in older, non-renovated housing stock.
The local economy is anchored by the broader Detroit automotive and healthcare sectors, with increasing activity in small-scale retail and hospitality within the neighborhood.
The area is served by DDOT bus routes along Jefferson and Mack Avenues, providing connectivity to the city's central transit hub.
Development is focused on the adaptive reuse of historic residential and commercial structures, particularly in the West Village and East Village areas.
The Wayne County assessment regime is currently undergoing efforts to modernize property valuations following historical volatility.
Parcels are subject to Detroit Public Schools Community District taxes and various municipal utility assessments.
Property insurance premiums in Detroit are among the highest in the nation due to urban risk factors and historical claims data.
Data retrieved from US Census Bureau ZCTA 48214 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.
- C.J. Barrymore's4.419 mi
- Dave & Buster's Utica4.118.7 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.44.2 mi
- Urban Air Trampoline and Adventure Park4.218.1 mi
- Red Oaks Waterpark4.412.3 mi
- Little Caesars Arena4.63.7 mi
- Comerica Park4.73.5 mi
- Ford Field4.63.3 mi
- Huntington Place4.54 mi
- Masonic Temple4.43.9 mi
- Ambassador Bridge45.6 mi
- Comerica Park4.73.5 mi
- Detroit Zoo4.511.5 mi
- Detroit Institute of Arts4.83.9 mi
- Windsor-Detroit Tunnel4.33.5 mi
- Henry Ford Museum of American Innovation4.813.2 mi
- Detroit Institute of Arts4.83.9 mi
- Greenfield Village4.813.1 mi
- Michigan Central4.85.1 mi
- Motown Museum4.75.1 mi
- Campus Martius Park4.73.6 mi
- Detroit Riverwalk4.83.1 mi
- Ford House4.78.7 mi
- Red Oaks Waterpark4.412.3 mi
- Riverside Park4.55.8 mi
- Detroit Yacht Club4.61.1 mi
- Sindbad's Restaurant and Marina4.20.8 mi
- Riverside Marina4.41.1 mi
- Grosse Pointe Yacht Club4.77.8 mi
- Bayview Yacht Club4.71.9 mi
- Big Time Entertainment4.45.3 mi
- Rackham Golf Course3.812 mi
- Seven Lakes Golf Course Ltd4.210 mi
- Maple Lane Golf Club and Driving Range412.3 mi
- Ambassador Golf Club4.58.8 mi
- Devonshire Mall4.36 mi
- Fairlane Town Center4.112.4 mi
- Windsor Crossing Premium Outlets4.28.5 mi
- Meijer48.8 mi
- Tecumseh Mall3.94.1 mi
- Detroit Metropolitan Wayne County Airport4.321.3 mi
- Windsor International Airport4.26.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 982-acre island park featuring a conservatory, aquarium, and beach.
A historic neighborhood known for its walkable dining, cafes, and boutique shopping.
A scenic waterfront path connecting the area to downtown attractions.
Key-figure check: median price diverges 24.2% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $120,500 (-24.2% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.