The story of this market
The typical home in ZIP 48221 sells for about $183,500, or $81 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,206 a month.
ZIP 48221 — Detroit
The 48221 housing market is showing signs of stability with modest year-over-year price appreciation and steady demand for affordable single-family homes. Market activity is driven by buyers seeking value in established neighborhoods, though inventory remains constrained. Overall sentiment is cautiously optimistic as local revitalization efforts continue to influence neighborhood desirability.
This ZIP is well-suited for budget-conscious family buyers and investors looking for value in established neighborhoods with historic housing stock.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.4 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.5% · poverty 22.3% — elevated distress and economic pressure.
Built from 491 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 9.7%/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 2.5%/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 48221, Wayne County MI
Crime rates in the area remain a significant concern, with reported incidents consistently higher than both state and national averages.
Public schools serving the area generally face challenges with performance metrics, often trailing district and state averages.
The area faces standard urban environmental risks, including potential for localized flooding during heavy rain events and aging infrastructure.
Economic momentum is driven by proximity to Detroit's central business district and ongoing revitalization efforts in surrounding neighborhoods.
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 benefit from proximity to major thoroughfares like the Lodge Freeway (M-10) and Woodward Avenue, providing direct access to downtown Detroit.
The area features several local parks and is within a short drive of the Palmer Park area, offering green space and community amenities.
The rental market is characterized by high demand for affordable housing, with a mix of long-term residents and some investor-owned single-family rentals.
The local economy is anchored by the broader Detroit metropolitan employment base, including automotive, healthcare, and education sectors.
The area is served by DDOT bus routes and provides easy access to major highway corridors connecting to the wider metro region.
Development is largely centered on the rehabilitation of historic residential properties and small-scale commercial infill projects.
The Wayne County assessment regime follows state-mandated property tax caps and equalization processes.
Parcels are subject to Detroit Public Schools Community District levies and standard municipal utility districts.
Property insurance premiums in Detroit are generally higher due to regional risk factors and urban density.
Net domestic migration in Michigan has shown stabilization with urban centers seeing varied patterns of movement.
Michigan operates primarily as a non-judicial foreclosure state with specific notice and redemption periods.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from US Census Bureau and Niche demographic 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's4.418.7 mi
- Dave & Buster's Livonia413.7 mi
- Dave & Buster's Utica4.115.3 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.49.9 mi
- Round1 Bowling & Arcade - Auburn Hills4.119.8 mi
- Little Caesars Arena4.68.2 mi
- Comerica Park4.78.5 mi
- Ford Field4.68.6 mi
- Huntington Place4.59.2 mi
- Vibe Credit Union Showplace4.318.2 mi
- Ambassador Bridge49.6 mi
- Comerica Park4.78.5 mi
- Henry Ford Museum of American Innovation4.810 mi
- Detroit Zoo4.52.9 mi
- Detroit Institute of Arts4.86.9 mi
- Henry Ford Museum of American Innovation4.810 mi
- Detroit Institute of Arts4.86.9 mi
- Greenfield Village4.89.9 mi
- Michigan Central4.88.3 mi
- Motown Museum4.75.9 mi
- Campus Martius Park4.79 mi
- Detroit Riverwalk4.89.5 mi
- Cranbrook House & Gardens4.810.4 mi
- Red Oaks Waterpark4.46.8 mi
- Ford Field Park4.69.8 mi
- Western Golf & Country Club4.68 mi
- Big Time Entertainment4.412 mi
- Rackham Golf Course3.82.9 mi
- Maple Lane Golf Club and Driving Range410.3 mi
- Glen Oaks Golf Course4.311.5 mi
- Somerset Collection4.68.8 mi
- Oakland Mall4.17.4 mi
- Fairlane Town Center4.18.9 mi
- Meijer41.9 mi
- Meijer4.27.3 mi
- Detroit Metropolitan Wayne County Airport4.318.4 mi
- Windsor International Airport4.215.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large public park offering trails, a lake, and recreational facilities.
Known as the Avenue of Fashion, featuring local boutiques and restaurants.
Key-figure check: median price diverges 14.5% 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 $156,900 (-14.5% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.