Welcome to our 48235 real estate data hub, tailored for investors in Detroit, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 48235 in Detroit, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WAYNE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Detroit, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Detroit property market.
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Location Overview
- Zip Code: 48235
- City: Detroit
- State: MI
- Metro Area: Detroit-Warren-Dearborn, MI
- County Name: WAYNE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $78,793
- Average Home Price (Single Family Homes): $78,942
- Average Monthly Rental Price (All Types): $1,191
- Price-to-Rent Ratio: 6
- Zillow Projected % appreciation from 4/2023-4/2024: -0.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,150
- Average 3 Bedroom Section 8 Rental Rates: $1,430
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 5.71
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 4.59
- Number of Units Offered in Section 8 in the County: 18233
- Number of Occupied Units in Section 8 in the County: 17232
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 209.79
- Total % Appreciation since 2000 (Government Data): 17.34
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 7.88%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.58%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.77%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 164.38%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 697.64%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 227.03%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 245.69%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.46%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 20.99%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%