The story of this market
The typical home in ZIP 48239 sells for about $210,000, or $145 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,348 a month.
ZIP 48239 — Redford
The 48239 housing market shows steady demand for single-family homes, with prices continuing to appreciate at a moderate pace. Inventory remains relatively tight, supporting stable sale-to-list ratios and consistent market activity.
This ZIP is well-suited for family buyers and commuters seeking affordable single-family housing with convenient access to Detroit's major employment hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 13.3% — a stable, low-distress profile.
Built from 103 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
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 10.6%/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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48239, Wayne County MI
Crime rates in the Redford area are generally reported as moderate, with property crime being the primary concern compared to regional averages.
Schools serving the area are part of the Redford Union and surrounding districts, with performance ratings varying significantly by individual school.
The area is primarily inland with low flood risk, though standard property insurance coverage is recommended for wind and storm damage common to Southeast Michigan.
Economic momentum is driven by proximity to Detroit's industrial and automotive corridors, with steady residential demand and infill 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 commute via I-96 or M-14 toward Detroit's employment core, with average commute times reflecting typical suburban traffic patterns.
The area features several local parks and green spaces, with proximity to larger regional recreational facilities and shopping centers in Redford and Livonia.
The rental market is characterized by steady demand for single-family homes, with moderate vacancy pressure and rising rents consistent with the broader Detroit metro area.
The local economy is supported by a mix of manufacturing, retail, and service-sector jobs, with many residents commuting to larger employers in the Detroit metro area.
The area is served by major highway corridors including I-96, facilitating access to the broader Detroit metropolitan region.
Development is largely focused on residential infill and the revitalization of existing commercial corridors.
The Wayne County assessment regime follows state-mandated property tax caps and equalization processes.
Parcels are subject to local school district millages and county-wide special assessments for infrastructure and services.
Property insurance premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from US Census Bureau ZCTA profiles.
- Little Caesars Arena4.612.2 mi
- Comerica Park4.712.5 mi
- Ford Field4.612.7 mi
- Huntington Place4.512.7 mi
- Vibe Credit Union Showplace4.313.3 mi
- Ambassador Bridge412 mi
- Comerica Park4.712.5 mi
- Henry Ford Museum of American Innovation4.85.9 mi
- Detroit Zoo4.59.8 mi
- Detroit Institute of Arts4.811.5 mi
- Henry Ford Museum of American Innovation4.85.9 mi
- Detroit Institute of Arts4.811.5 mi
- Greenfield Village4.85.9 mi
- Michigan Central4.811.3 mi
- Motown Museum4.710.2 mi
- Campus Martius Park4.712.8 mi
- Maybury State Park4.812.8 mi
- Heritage Park4.711.4 mi
- Heritage Park4.78.3 mi
- Ford Field Park4.65.2 mi
- Western Golf & Country Club4.61.2 mi
- Novi Putting Edge4.212.8 mi
- Farmington Hills Golf Club4.29.8 mi
- Rackham Golf Course3.89.2 mi
- Lakes of Taylor Golf Course4.311.7 mi
- Twelve Oaks Mall4.412.1 mi
- Fairlane Town Center4.15.4 mi
- Meijer49.7 mi
- Detroit Metropolitan Wayne County Airport4.311.9 mi
- Windsor International Airport4.218.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local fitness and community programming.
Features walking trails and outdoor recreational space.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).