The median home value in ZIP Code 48235 (Detroit, MI) is $53,900. Approximately 58.0% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 4.9%.
The average occupancy of owner-occupied units in ZIP Code 48235 is 2.30 occupants, while owner-occupied units have an aggregate average size of 2.68 bedrooms per housing unit.
In the 48235 ZIP Code, an estimated 42.0% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 2.6%.
Among renter-occupied units in this ZIP, the average occupancy is 2.82 occupants, while renters in this Wayne County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 48235.
| ZIP 48235 | Michigan | U.S. | |
|---|---|---|---|
| Median Home Value | $53,900 | $259,702 | $356,002 |
| Owner-Occupied Housing Units | 58.0% | 71.2% | 64.0% |
| Homeowner Vacancy Rate | 4.9% | 1.5% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.30 | 2.56 | 2.70 |
| Average # of Bedrooms Per Unit | 2.68 | 2.79 | 2.75 |
| Median Housing Rent | $0 | $871 | $1,062 |
| Renter-Occupied Housing Units | 42.0% | 28.8% | 36.0% |
| Rental Vacancy Rate | 2.6% | 5.1% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.82 | 2.26 | 2.49 |
| Percent of Income Spent on Rent | 0% | 29.56% | 29.83% |
The median home value in ZIP Code 48235 is $53,900. That median value is about 65% lower than the median home value of $154,900 in Michigan overall, and is 75% lower than the $217,500 the median home value in the entire U.S. An estimated 44.6% of homes in ZIP Code 48235 are valued less than $50,000. That is 284% higher than in Michigan, in which 11.6% of homes are valued at less than $50,000, and is about 546% higher than in the U.S. overall (6.9% of homes valued at less than $50,000). The home value range that the smallest portion of ZIP Code 48235 homes fall into is $1,000,000 or more (0.1% of homes).
This chart visualizes the breakdown of home values in ZIP Code 48235, Michigan, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 48235.
| Home Value | ZIP 48235 | Michigan | U.S. |
|---|---|---|---|
| Less than $50,000 | 44.6% | 11.6% | 6.9% |
| $50,000 to $99,999 | 39.9% | 18.2% | 12.0% |
| $100,000 to $149,999 | 8.9% | 18.2% | 13.3% |
| $150,000 to $199,999 | 3.4% | 17.1% | 14.0% |
| $200,000 to $299,999 | 1.8% | 18.4% | 19.6% |
| $300,000 to $499,999 | 0.4% | 12.0% | 19.3% |
| $500,000 to $999,999 | 0.9% | 3.8% | 11.4% |
| $1,000,000 or more | 0.1% | 0.8% | 3.4% |
Approximately 53.4% of homes in this Detroit, MI region were built in 1950 to 1959. This amount of homes built in 1950 to 1959 in ZIP Code 48235 is about 258% higher than percentage of homes built in this time period in Michigan overall (14.9% of homes), and is 418% higher the percentage (10.3% of homes) in the U.S. as a whole. Additionally, an esimated 27.7% of local homes were built in 1940 to 1949. On the other end of the scale, just 0.0% of homes in this Wayne County ZIP Code were built in 2014 or later in ZIP Code 48235. In comparison, 1.3% of homes in Michigan overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 48235.
| Year Built | ZIP 48235 | Michigan | U.S. |
|---|---|---|---|
| 2014 or later | 0.0% | 1.3% | 2.5% |
| 2010 to 2013 | 0.3% | 1.2% | 2.7% |
| 2000 to 2009 | 0.5% | 9.8% | 14.0% |
| 1990 to 1999 | 1.4% | 13.2% | 13.9% |
| 1980 to 1989 | 1.8% | 9.9% | 13.4% |
| 1970 to 1979 | 2.1% | 15.4% | 15.2% |
| 1960 to 1969 | 4.3% | 11.9% | 10.6% |
| 1950 to 1959 | 53.4% | 14.9% | 10.3% |
| 1940 to 1949 | 27.7% | 7.6% | 4.9% |
| 1939 or earlier | 8.5% | 14.8% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 48235, Michigan, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Detroit, MI ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 48235.
