The story of this market
The typical home in ZIP 48215 sells for about $150,000, or $105 per square foot.
Prices are up +3.85% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $901 a month.
ZIP 48215 — Detroit
The 48215 housing market is characterized by low entry-level pricing and a high share of renter-occupied housing. Market activity remains steady with modest price growth, driven by investor interest in the East Side's residential pockets.
The area attracts investors seeking value-add opportunities and long-term rental potential, as well as buyers looking for entry-level housing in established Detroit neighborhoods.
Median prices moved up 3.9% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.5% · poverty 44.1% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48215, 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.
The area is seeing interest in the Jefferson Chalmers neighborhood, with ongoing residential investment and renovation activity.
Property taxes in this jurisdiction are assessed by the city and county, with an average effective rate of 1.1% reported for residential units.
The area is located on the east side of Detroit, providing access to the city's employment core via major arterial roads.
The ZIP code includes access to the Detroit River waterfront and the Jefferson Chalmers neighborhood, known for its canal-side residential character.
The rental market features a median rent of $1,300, with a significant portion of the housing stock occupied by renters.
The local economy is tied to the broader Detroit metropolitan area, with a mix of residential, small-scale commercial, and industrial legacy sectors.
Data derived from Census Bureau and local market reports.
- C.J. Barrymore's4.418.2 mi
- Dave & Buster's Utica4.118.3 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.45.8 mi
- Urban Air Trampoline and Adventure Park4.217.8 mi
- Red Oaks Waterpark4.412.7 mi
- Little Caesars Arena4.65.4 mi
- Comerica Park4.75.2 mi
- Ford Field4.65 mi
- Huntington Place4.55.6 mi
- Masonic Temple4.45.7 mi
- Ambassador Bridge47.2 mi
- Comerica Park4.75.2 mi
- Detroit Zoo4.512.4 mi
- Detroit Institute of Arts4.85.6 mi
- Windsor-Detroit Tunnel4.35.2 mi
- Henry Ford Museum of American Innovation4.814.9 mi
- Detroit Institute of Arts4.85.6 mi
- Greenfield Village4.814.8 mi
- Michigan Central4.86.8 mi
- Motown Museum4.76.8 mi
- Campus Martius Park4.75.3 mi
- Detroit Riverwalk4.84.7 mi
- Ford House4.77.2 mi
- Red Oaks Waterpark4.412.7 mi
- Riverside Park4.57.5 mi
- Detroit Yacht Club4.61.7 mi
- Sindbad's Restaurant and Marina4.21.2 mi
- Grosse Pointe Yacht Club4.76.2 mi
- Riverside Marina4.41 mi
- Bayview Yacht Club4.71 mi
- Big Time Entertainment4.46.6 mi
- Seven Lakes Golf Course Ltd4.211 mi
- Maple Lane Golf Club and Driving Range412 mi
- Rackham Golf Course3.812.9 mi
- Ambassador Golf Club4.510.2 mi
- Devonshire Mall4.37 mi
- Windsor Crossing Premium Outlets4.29.4 mi
- Meijer49.9 mi
- Tecumseh Mall3.93.8 mi
- Meijer4.112.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic neighborhood known for its canal-side homes and proximity to the Detroit River.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.