The story of this market
The typical home in ZIP 48227 sells for about $85,000, or $72 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 278 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,034 a month.
ZIP 48227 — Detroit
The 48227 housing market is characterized by high affordability and a significant inventory of lower-priced homes, making it a niche market for investors. Sales activity is slow with a high median days on market, reflecting a neutral market environment.
This area is primarily suited for investors seeking high-yield rental opportunities due to the low entry price point and steady demand for long-term rentals.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 278 days on market with 14.3 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 20.3% · poverty 35.1% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48227, Detroit, Michigan
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The rental market shows a median rent of $1,250/month with a gross rental yield of approximately 17.65% for investors.
The local economy is tied to the broader Detroit industrial and service sectors.
Data sourced from MapOfZipCodes and Census 2020 benchmarks.
- Little Caesars Arena4.67.7 mi
- Comerica Park4.78 mi
- Ford Field4.68.2 mi
- Huntington Place4.58.4 mi
- Vibe Credit Union Showplace4.317.3 mi
- Ambassador Bridge47.9 mi
- Comerica Park4.78 mi
- Henry Ford Museum of American Innovation4.85.5 mi
- Detroit Zoo4.57.2 mi
- Detroit Institute of Arts4.86.9 mi
- Henry Ford Museum of American Innovation4.85.5 mi
- Detroit Institute of Arts4.86.9 mi
- Greenfield Village4.85.5 mi
- Michigan Central4.87 mi
- Motown Museum4.75.6 mi
- Campus Martius Park4.78.3 mi
- Detroit Riverwalk4.89.1 mi
- Heritage Park4.711.6 mi
- Red Oaks Waterpark4.411.2 mi
- Ford Field Park4.65.3 mi
- Western Golf & Country Club4.65.3 mi
- Big Time Entertainment4.410.8 mi
- Rackham Golf Course3.86.9 mi
- Lakes of Taylor Golf Course4.312.5 mi
- Glen Oaks Golf Course4.312.3 mi
- Somerset Collection4.612.5 mi
- Devonshire Mall4.312.2 mi
- Fairlane Town Center4.14.5 mi
- Oakland Mall4.111.8 mi
- Detroit Metropolitan Wayne County Airport4.313.9 mi
- Windsor International Airport4.214.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.