The story of this market
The typical home in ZIP 48217 sells for about $88,000, or $72 per square foot.
Prices are down 19.3% from a year ago, which gives buyers more room to negotiate. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $966 a month.
ZIP 48217 — Detroit
The 48217 housing market is currently experiencing significant volatility with a sharp year-over-year decline in median prices. Sales volume remains extremely low, and the area's industrial focus continues to define its limited residential market activity.
This area is primarily suited for industrial-sector workers and investors looking for low-cost entry points in an established industrial zone.
Median prices moved down 19.3% year over year.
Homes spend a median of 105 days on market with 0.0 months of supply — a slower-moving 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 7.1% · poverty 20.0% — a mixed stability profile.
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.
ZCTA 48217, Wayne County MI
The area is characterized by a higher percentage of residents with lower educational attainment levels compared to regional averages.
The area is heavily industrial, dominated by large-scale manufacturing and refinery infrastructure.
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.
The area is located in southwest Detroit with direct access to major industrial corridors and highway systems connecting to the city center.
Recreational options are limited within the immediate ZIP code, which is primarily industrial in nature.
The rental market is characterized by lower-cost housing stock with limited recent development activity.
The local economy is anchored by heavy industry and large-scale manufacturing facilities.
The area is served by major regional highway corridors providing access to the broader Detroit metropolitan area.
Parcels are subject to City of Detroit and Wayne County taxing jurisdictions.
Data sourced from BestPlaces and Zillow; specific ACS vintage not provided.
- Little Caesars Arena4.66.3 mi
- Comerica Park4.76.4 mi
- Ford Field4.66.6 mi
- Huntington Place4.55.9 mi
- Masonic Temple4.46.1 mi
- Ambassador Bridge44.3 mi
- Comerica Park4.76.4 mi
- Henry Ford Museum of American Innovation4.84.6 mi
- Detroit Institute of Arts4.86.8 mi
- Greenfield Village4.84.5 mi
- Henry Ford Museum of American Innovation4.84.6 mi
- Detroit Institute of Arts4.86.8 mi
- Greenfield Village4.84.5 mi
- Michigan Central4.84.8 mi
- Motown Museum4.76.4 mi
- Campus Martius Park4.76.2 mi
- Detroit Riverwalk4.86.8 mi
- Heritage Park4.77 mi
- Ford Field Park4.65.3 mi
- Riverside Park4.54.1 mi
- Motor City Marina4.53.7 mi
- Wyandotte Boat Club4.65.9 mi
- Boaters Value Store4.73.8 mi
- Ecorse Boat Ramp3.83.2 mi
- Seaway Boat Club4.83.9 mi
- Big Time Entertainment4.46.3 mi
- Western Golf & Country Club4.610.9 mi
- Lakes of Taylor Golf Course4.38.5 mi
- Seven Lakes Golf Course Ltd4.27.6 mi
- Rouge Park Golf Course4.28 mi
- Devonshire Mall4.37.5 mi
- Fairlane Town Center4.14.5 mi
- Windsor Crossing Premium Outlets4.27.6 mi
- Meijer411.3 mi
- Tecumseh Mall3.911.1 mi
- Detroit Metropolitan Wayne County Airport4.311.5 mi
- Windsor International Airport4.210.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Forms the southern boundary of the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.