Real Estate Investing in Detroit, Michigan (48219)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48219 (Detroit, MI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.3% of homes vacant — above national norms.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
What’s happening in Detroit, MI (48219)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48219 Detroit
ZIP 48219 inside Detroit, MI leans into a value-add thesis. Home values near $90K sit below the state median, and rents of $1,338/mo leave room for forced-equity plays.
Investors in 48219 do not buy the market average — they buy the unit they can improve. $90K median pricing and $1,338/mo comps define the envelope within which the work has to pay.
Comparing Detroit submarkets, ZIP 48219 offers an entry cost that most surrounding neighborhoods have moved past. The sturdy delta is the opportunity.
Residents in 48219 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
BRRRR is the most natural fit. Buy under $90K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Detroit:
Property Strategy for 48219
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $61,752 | $1,370 | 16.0% | +12.7% | $30,876 |
| 3BR | $94,604 | $1,670 | 12.7% | +9.8% | $31,535 |
| 4BR | $128,982 | $1,810 | 10.1% | +9.4% | $32,246 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48219 Compare?
| Metric | 48219 | Detroit | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $89,644 | $99,748 | N/A | $253,279 |
| 5-Year CAGR | 4.4% | 0.9% | N/A | 6.8% |
| Avg Rent | $1,338 | $1,292 | N/A | - |
| Cap Rate | 11.6% | 11.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48219 (Detroit, MI). Anonymous, moderated, never written by AI.
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Property managers serving Wayne County
Manage rentals here? List your business →Metro Detroit Property Management manages and maintains properties with high standards, committed to the success of real estate investments in the Metro Detroit area. summary from their website
Michigan Property Management Solutions offers homes for rent in Michigan, near Macomb Twp., Fraser, Utica, Clinton Valley, and Detroit. summary from their website
Premier Property Services offers real estate services in Detroit, Fort Lauderdale, and Grosse Pointe Woods. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $89,644 |
| Monthly Rent | $1,338 |
| Price-to-Rent | 5.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.9% |
| Cap Rate | 11.6% |
| 5-Year IRR | 16.1% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +11.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (11.6%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48219
Population: 45,788
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48219
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much is rent in Detroit, MI?
Average rent in Detroit, MI is approximately $1,338/mo per month. Against $90K home values that yields a reasonable rent-to-price ratio.
Can you find 1% rule deals in Detroit, MI?
Detroit, MI delivers a 1.49% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Is Detroit, MI a smart market for rental property?
Detroit, MI comes in at an investability rating of 5.0/5, with median home values near $90K and average rents around $1,338/mo. That combination puts it in the healthy tier for investor interest.
How do home values compare in Detroit, MI?
Median home price in Detroit, MI is near $90K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is Detroit, MI better for rentals, flips, or BRRRR?
Investors who focus on value-add and BRRRR deals typically do well in Detroit, MI. The numbers - $90K homes against $1,338/mo rents - support that play.
You know 48219 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48219 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48219 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
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