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 48214 — Detroit
The 48214 housing market is showing signs of stabilization as renovation activity in historic neighborhoods like West Village continues to attract interest. While inventory remains elevated and median prices are modest, the area is benefiting from the broader Detroit renaissance. Note that specific metrics like months of supply and sale-to-list ratios are estimated based on available portal data as official ZCTA-level monthly reports are not published.
This ZIP is ideal for investors and renovation-minded buyers seeking historic architectural character at a lower entry price point, as well as renters looking for proximity to the downtown core.
Median prices moved down 3.2% year over year.
Homes spend a median of 68 days on market with 7.4 months of supply — a balanced-paced market.
22% 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 9.0% · poverty 28.8% — a mixed stability profile.
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 11.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 48214, Wayne County MI
Crime rates in the 48214 area remain significantly higher than the national average, consistent with broader trends observed in Detroit's urban core.
Public schools serving the area generally receive low performance ratings, with many residents opting for charter or private alternatives.
The area faces standard urban environmental risks, including potential for basement flooding during heavy rain events and aging infrastructure.
Economic momentum is driven by the ongoing revitalization of Detroit's historic neighborhoods, particularly in West Village and East Village, attracting renovation-focused investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents have direct access to East Jefferson Avenue, providing a straightforward commute to Downtown Detroit and the riverfront employment hubs.
The ZIP features proximity to the Detroit River, Belle Isle Park, and the historic West Village shopping and dining corridor.
The rental market is characterized by high demand for historic multi-family conversions, though vacancy pressure remains in older, non-renovated housing stock.
The local economy is anchored by the broader Detroit automotive and healthcare sectors, with increasing activity in small-scale retail and hospitality within the neighborhood.
The area is served by DDOT bus routes along Jefferson and Mack Avenues, providing connectivity to the city's central transit hub.
Development is focused on the adaptive reuse of historic residential and commercial structures, particularly in the West Village and East Village areas.
The Wayne County assessment regime is currently undergoing efforts to modernize property valuations following historical volatility.
Parcels are subject to Detroit Public Schools Community District taxes and various municipal utility assessments.
Property insurance premiums in Detroit are among the highest in the nation due to urban risk factors and historical claims data.
Data retrieved from US Census Bureau ZCTA 48214 profiles.
A massive 982-acre island park featuring a conservatory, aquarium, and beach.
A historic neighborhood known for its walkable dining, cafes, and boutique shopping.
A scenic waterfront path connecting the area to downtown attractions.
Key-figure check: median price diverges 24.2% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $120,500 (-24.2% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.
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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