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 48228 — Detroit
The 48228 housing market shows signs of modest price appreciation and increased buyer interest, though it remains one of the most affordable areas in the Detroit metro. Market conditions are driven by low entry prices and steady demand for affordable single-family homes. Some data points, such as specific months of supply and sale-to-list ratios, are estimated based on regional trends as precise ZIP-level figures are not published.
This ZIP code is primarily suited for budget-conscious families and long-term residents seeking affordable housing options within the Detroit city limits.
Median prices moved up 2.1% year over year.
Homes spend a median of 58 days on market with 5.1 months of supply — a balanced-paced market.
18% 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 12.7% · poverty 41.8% — elevated distress and economic pressure.
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 6.6%/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 3.9%/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 48228, Wayne County MI
Crime rates in the 48228 area remain elevated compared to regional and national averages, with property and violent crime being primary concerns for local law enforcement.
Public schools serving the area are primarily part of the Detroit Public Schools Community District, which faces ongoing challenges regarding academic performance and resource allocation.
The area is primarily urban with standard risks for structural fire and localized urban flooding; it is not located in a high-risk wildfire zone.
Economic momentum is tied to broader Detroit revitalization efforts, though 48228 remains largely residential with limited large-scale commercial development.
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 typically rely on personal vehicles for commuting to downtown Detroit or nearby industrial hubs, with limited high-frequency public transit options.
The area features several local neighborhood parks and is within driving distance of larger regional recreational facilities and shopping centers in Dearborn.
The rental market is characterized by high demand for affordable housing, with a significant portion of the housing stock managed by individual investors.
The local economy is heavily influenced by the broader Detroit manufacturing and service sectors, with many residents commuting to nearby automotive facilities.
The area is served by major arterial roads connecting to I-96 and I-94, facilitating regional travel.
Development is largely focused on infill housing and the rehabilitation of vacant properties.
The Wayne County assessment regime follows state-mandated property tax caps and equalization processes.
Parcels are subject to Detroit Public Schools Community District and Wayne County community college district taxes.
Property insurance premiums in Detroit are generally higher than the national average due to urban risk factors.
Michigan is a judicial foreclosure state with specific notice and redemption periods for homeowners.
Michigan law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from census.gov ZCTA profiles.
A large regional park offering trails and green space serving the western edge of the city.
A historic residential area with local community centers and small-scale retail.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
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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