The story of this market
The typical home in ZIP 48235 sells for about $96,000, or $95 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,169 a month.
ZIP 48235 — Detroit
The 48235 housing market is currently experiencing a period of price adjustment with a median sale price of $96,000, reflecting a 4% year-over-year decline. While inventory remains available, the market pace has slowed compared to the previous year, indicating a balanced but cautious environment for buyers and sellers. The area continues to serve as an affordable entry point within the Detroit metro region.
This ZIP is primarily suited for budget-conscious buyers and investors seeking entry-level housing in an urban setting, as well as long-term renters.
Median prices moved down 4.0% year over year.
Homes spend a median of 55 days on market with 0.0 months of supply — a fast-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 13.2% · poverty 31.5% — elevated distress and economic pressure.
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 -1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48235, 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.
The area is served by Detroit Public Schools Community District, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily residential with limited new commercial development; economic momentum is tied to the broader Detroit recovery efforts.
Property taxes are assessed by Wayne County and the City of Detroit, with rates reflecting local millage for municipal services and school districts.
Residents typically commute by car to employment centers in Detroit and the surrounding metro area, with a mean travel time of approximately 24.4 minutes.
The area features local neighborhood parks and is within reach of broader Detroit recreational amenities, shopping, and dining districts.
The rental market is characterized by a high renter share of approximately 46%, with recent data suggesting a moderation in rent prices.
The local economy is integrated into the Detroit-Warren-Dearborn metro area, with a mix of service, manufacturing, and public sector employment.
The area relies on a network of major surface streets and highway corridors connecting to the Detroit urban core.
Wayne County assessments are managed by the local appraisal district, which periodically updates property values for tax purposes.
Parcels are subject to Detroit Public Schools Community District and various municipal utility and service districts.
Data retrieved from Census Reporter and Data Commons.
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.
- Dave & Buster's Livonia411.8 mi
- Dave & Buster's Utica4.117.1 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.410.5 mi
- Urban Air Trampoline and Adventure Park4.216.7 mi
- Red Oaks Waterpark4.48.5 mi
- Little Caesars Arena4.68.9 mi
- Comerica Park4.79.3 mi
- Ford Field4.69.4 mi
- Huntington Place4.59.8 mi
- Vibe Credit Union Showplace4.316.5 mi
- Ambassador Bridge49.8 mi
- Comerica Park4.79.3 mi
- Henry Ford Museum of American Innovation4.88.5 mi
- Detroit Zoo4.54.3 mi
- Detroit Institute of Arts4.87.8 mi
- Henry Ford Museum of American Innovation4.88.5 mi
- Detroit Institute of Arts4.87.8 mi
- Greenfield Village4.88.4 mi
- Michigan Central4.88.7 mi
- Motown Museum4.76.6 mi
- Campus Martius Park4.79.7 mi
- Detroit Riverwalk4.810.3 mi
- Cranbrook House & Gardens4.810.5 mi
- Red Oaks Waterpark4.48.5 mi
- Heritage Park4.710.4 mi
- Western Golf & Country Club4.65.9 mi
- Big Time Entertainment4.412.5 mi
- Rackham Golf Course3.84 mi
- Farmington Hills Golf Club4.212.3 mi
- Maple Lane Golf Club and Driving Range412.3 mi
- Somerset Collection4.69.5 mi
- Oakland Mall4.18.9 mi
- Fairlane Town Center4.17.5 mi
- Meijer44 mi
- Detroit Metropolitan Wayne County Airport4.316.6 mi
- Windsor International Airport4.216.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A notable magnet school serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.