The story of this market
The typical home in ZIP 48226 sells for about $313,000, or $416 per square foot.
Prices are down 18.9% from a year ago, which gives buyers more room to negotiate. Homes take about 103 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,743 a month.
ZIP 48226 — Detroit
The Downtown Detroit housing market is currently in a balanced state, characterized by softening prices and increased inventory. While demand remains steady, the year-over-year price decline reflects a cooling trend as buyers gain more negotiating power. The market is currently driven by a mix of luxury condo sales and ongoing urban redevelopment projects.
This ZIP is ideal for young professionals, urban commuters, and investors seeking proximity to the city's core business and entertainment districts.
Median prices moved down 18.9% year over year.
Homes spend a median of 103 days on market with 4.8 months of supply — a balanced-paced market.
50% of listings have cut prices · homes sell at 102.75% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 17.2% — a stable, low-distress 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 6.0%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48226, 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 Downtown Detroit have shown a downward trend in recent years, though they remain higher than the national average and vary significantly by specific blocks.
Public schools serving the area are part of the Detroit Public Schools Community District, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily urban with low wildfire risk, though it faces standard urban flood risks associated with aging infrastructure and heavy precipitation events.
Downtown Detroit is experiencing significant economic momentum driven by corporate headquarters, major sports venues, and ongoing mixed-use residential and commercial redevelopment.
Property taxes in Detroit are subject to the city's millage rates, which are among the highest in the state, though various tax abatements exist for specific residential developments.
The area is highly walkable and serves as the primary employment hub for the region, with extensive access to major highways and public transit corridors.
Residents have access to the Detroit Riverwalk, Campus Martius Park, and numerous museums, theaters, and professional sports stadiums within walking distance.
The rental market is robust with high demand for luxury condos and lofts, though vacancy pressure has increased slightly as new inventory enters the market.
The economy is anchored by automotive, finance, and technology sectors, with major employers including General Motors and Quicken Loans.
The area is served by the QLINE streetcar, DDOT bus system, and major regional highway interchanges.
Significant ongoing investment in downtown infrastructure and residential density continues to reshape the urban core.
The Wayne County Assessor manages property valuations, which are subject to annual adjustments based on market conditions.
Parcels are subject to city, county, and school district taxes, with some areas falling under specific Downtown Development Authority zones.
Property insurance premiums in Detroit are generally higher than the national average due to urban risk factors and historical claims data.
Data retrieved from Census Bureau ZCTA-level tables.
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.
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.40.8 mi
- Red Oaks Waterpark4.413.6 mi
- Urban Air Trampoline and Adventure Park3.615.1 mi
- Big Time Entertainment4.43 mi
- Eloise Asylum4.415.2 mi
- Little Caesars Arena4.61 mi
- Comerica Park4.70.7 mi
- Ford Field4.60.8 mi
- Huntington Place4.50.1 mi
- Masonic Temple4.41.1 mi
- Ambassador Bridge41.7 mi
- Comerica Park4.70.7 mi
- Henry Ford Museum of American Innovation4.89.6 mi
- Detroit Zoo4.511.5 mi
- Detroit Institute of Arts4.82.3 mi
- Henry Ford Museum of American Innovation4.89.6 mi
- Detroit Institute of Arts4.82.3 mi
- Greenfield Village4.89.4 mi
- Michigan Central4.81.4 mi
- Motown Museum4.73.2 mi
- Campus Martius Park4.70.3 mi
- Detroit Riverwalk4.80.9 mi
- Heritage Park4.713 mi
- Ford House4.712.5 mi
- Riverside Park4.51.9 mi
- Detroit Yacht Club4.64.1 mi
- Sindbad's Restaurant and Marina4.24.4 mi
- Riverside Marina4.44.6 mi
- Bayview Yacht Club4.75.3 mi
- Safe Harbor Detroit River4.54.5 mi
- Big Time Entertainment4.43 mi
- Rackham Golf Course3.811.8 mi
- Seven Lakes Golf Course Ltd4.27.6 mi
- Ambassador Golf Club4.55.3 mi
- Rouge Park Golf Course4.210.6 mi
- Devonshire Mall4.34.4 mi
- Fairlane Town Center4.18.9 mi
- Windsor Crossing Premium Outlets4.26.4 mi
- Meijer48.8 mi
- Tecumseh Mall3.95.9 mi
- Detroit Metropolitan Wayne County Airport4.317.4 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.
A central public space hosting seasonal events and ice skating.
A scenic waterfront path connecting various parks and attractions.
Home to the Detroit Red Wings and Pistons, located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.