Market Snapshot
- Median listing price
- $155K
- Median rent
- $1,275/mo
- Days on market
- 279 days
- Gross rental yield
- 9.88%
- STR vs LTR
- $1,410/mo STR · $1,275/mo LTR
The median listing price in Detroit, MI ZIP 48221 is $154,900 as of June 2026.
The median market rent in Detroit, MI ZIP 48221 is $1,275/month as of June 2026.
The median days on market in Detroit, MI ZIP 48221 is 279 days as of June 2026. The market is currently neutral.
At a median list price of $154,900 and a median rent of $1,275/month, the gross rental yield in Detroit, MI ZIP 48221 is 9.88% as of June 2026.
In Detroit, MI ZIP 48221, median Airbnb revenue is $1,410/month compared to median long-term rent of $1,275/month as of June 2026.
Detroit, MI 48221 Real Estate Market Report
ZIP Code: 48221
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
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Detroit, MI, average 6.74%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market-value indicator is the median sold price: $159,000, which represents the most representative recent sale and should be used ahead of asking prices when valuing SFR and condo opportunities in 48221.
- There is a noticeable gap between asking and transaction benchmarks—median listing price is $154,900 versus the median sold price of $159,000—which may indicate pricing friction where seller expectations and completed transaction levels do not perfectly align; balanced but softening conditions appear to be present given this spread.
- Market velocity is slow relative to typical urban ZIPs: the median days on market is 279, a signal of slower sales turnover that may reflect longer negotiation timelines or reduced urgency among buyers; this should be treated as slower sales velocity rather than definitive weak demand.
- Macro signals are mixed: price year-over-year trend is up and rent year-over-year trend is up, while market temperature is neutral and interest rate pressure is moderate (30-year fixed mortgage rates around 6.74%); together these suggest modest appreciation with steady rental support but a cautious financing backdrop—consider focusing on listings with rent-supporting fundamentals and flexible terms.
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.
Representative market sale establishing baseline for properties in the core neighborhood.
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, 6.53% 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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