Market Snapshot
- Median listing price
- $85K
- Median rent
- $1,200/mo
- Days on market
- 292 days
- Gross rental yield
- 16.94%
- STR vs LTR
- $2,444/mo STR · $1,200/mo LTR
The median listing price in Detroit, MI ZIP 48213 is $85,000 as of June 2026.
The median market rent in Detroit, MI ZIP 48213 is $1,200/month as of June 2026.
The median days on market in Detroit, MI ZIP 48213 is 292 days as of June 2026. The market is currently neutral.
At a median list price of $85,000 and a median rent of $1,200/month, the gross rental yield in Detroit, MI ZIP 48213 is 16.94% as of June 2026.
In Detroit, MI ZIP 48213, median Airbnb revenue is $2,444/month compared to median long-term rent of $1,200/month as of June 2026.
Detroit, MI 48213 Real Estate Market Report
ZIP Code: 48213
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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The primary indicator of current market value is the median sold price of 59,500, which reflects recent transaction activity and suggests a market where realized prices are materially below asking levels in some cases.
- There is a meaningful listing-to-sale gap—compare the median listing price of 85,000 to the median sold price of 59,500—which may indicate pricing friction and negotiation room for buyers given present conditions.
- Liquidity appears slow based on a median days on market of 292, which suggests slower sales velocity and that sellers may need extended marketing time or price adjustments to transact.
- Fundamental market pressures include a down price year-over-year trend and up rent year-over-year trend, alongside median market rent of 1,200 and elevated interest rate pressure; together these factors suggest stronger rental demand and continued buyer caution in pricing and offer strategies.
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
Sold at market average
Sold below 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.
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, 1.3% 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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