Market Snapshot
- Median listing price
- $176K
- Median rent
- $1,300/mo
- Days on market
- 333 days
- Gross rental yield
- 8.85%
- STR vs LTR
- $1,726/mo STR · $1,300/mo LTR
The median listing price in Detroit, MI ZIP 48206 is $176,200 as of June 2026.
The median market rent in Detroit, MI ZIP 48206 is $1,300/month as of June 2026.
The median days on market in Detroit, MI ZIP 48206 is 333 days as of June 2026. The market is currently cold.
At a median list price of $176,200 and a median rent of $1,300/month, the gross rental yield in Detroit, MI ZIP 48206 is 8.85% as of June 2026.
In Detroit, MI ZIP 48206, median Airbnb revenue is $1,726/month compared to median long-term rent of $1,300/month as of June 2026.
Detroit, MI 48206 Real Estate Market Report
ZIP Code: 48206
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Key Findings
- The neighborhood’s primary market indicator, the median sold price is 198,500, which establishes recent transaction-level value and — when compared with the median listing price of 176,200 — suggests sellers are often clearing above asking in at least some completed sales, pointing to localized pricing friction rather than uniform discounting.
- With a median days on market of 333, sales velocity appears slow and may indicate prolonged negotiation windows or buyer hesitation; combined with a cold market temperature, this suggests slower transaction momentum and elevated inventory relative to sales activity.
- The median price per square foot is 89.21, and the median market rent is 1,300; with rents showing a up trend, rental income dynamics may support investor interest despite slower sales velocity, so consider focusing on cash-flow scenarios and longer holding periods.
- Interest rate pressure is moderate and the overall price trend is down, which together imply continued pricing sensitivity; underwriting should assume potential for further near-term price compression and incorporate contingency for extended marketing timelines.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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