Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 48208 — Detroit
The 48208 housing market is currently experiencing a period of price correction, with median home values declining year-over-year. While the market remains active, high poverty rates and economic challenges in Detroit continue to influence affordability and demand. The area is characterized by a high renter share and a reliance on broader regional economic health for future growth.
This ZIP is primarily suited for investors seeking entry-level urban properties and renters looking for proximity to Detroit's central employment and cultural hubs.
Median prices moved down 24.3% year over year.
Homes spend a median of 83 days on market with 6.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 28.0% — elevated distress and economic pressure.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 48208, 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.
Crime rates in the 48208 area remain significantly higher than both the Michigan and national averages, reflecting broader urban challenges within Detroit.
Public schools serving the area generally face significant performance challenges, with most institutions receiving low ratings on standardized accountability metrics.
The area is primarily an urban environment with standard risks associated with aging infrastructure; flood and wildfire risks are generally low, though urban heat island effects are a concern.
Economic momentum is driven by ongoing revitalization efforts in Midtown and near-downtown Detroit, though 48208 itself remains in a period of stabilization with limited large-scale corporate development.
Property taxes are levied by the City of Detroit and Wayne County, with additional millage rates for Detroit Public Schools Community District; exemptions are available for primary residences through the Principal Residence Exemption (PRE).
Residents benefit from proximity to the Detroit employment core, with a mean commute time of approximately 23.4 minutes via local surface streets and nearby highway access.
The area features access to local neighborhood parks and is within a short drive of the cultural and recreational amenities of Midtown Detroit, including museums and dining districts.
The rental market is characterized by high demand for affordable units, with a significant share of the housing stock occupied by renters and limited new supply entering the market.
The local economy is heavily influenced by the broader Detroit-Warren-Dearborn metropolitan area, with major employment sectors including healthcare, automotive manufacturing, and education.
The area is served by the Detroit Department of Transportation (DDOT) bus network and provides easy access to major regional highway corridors like I-94 and I-75.
Development activity is largely focused on small-scale residential rehabilitation and infill projects supported by city-led neighborhood stabilization initiatives.
The Wayne County assessment regime is managed by the City of Detroit's Office of the Assessor, which conducts annual property valuations based on market sales data.
Parcels are subject to Detroit Public Schools Community District taxes and various municipal service districts typical of the City of Detroit.
Property insurance premiums in Detroit are among the highest in the state due to elevated risk factors and urban density, impacting overall housing affordability.
Michigan operates as a non-judicial foreclosure state, allowing for a streamlined process that typically includes a statutory redemption period for homeowners.
Michigan law requires sellers to provide a written disclosure statement to buyers, detailing the condition of the property and any known material defects.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
Provides extensive access to museums, restaurants, and entertainment venues just outside the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
Unlocked in the Investor tier
Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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