Market Snapshot
- Median listing price
- $85K
- Median rent
- $1,250/mo
- Days on market
- 278 days
- Gross rental yield
- 17.65%
- STR vs LTR
- $974/mo STR · $1,250/mo LTR
The median listing price in Detroit, MI ZIP 48227 is $85,000 as of June 2026.
The median market rent in Detroit, MI ZIP 48227 is $1,250/month as of June 2026.
The median days on market in Detroit, MI ZIP 48227 is 278 days as of June 2026. The market is currently neutral.
At a median list price of $85,000 and a median rent of $1,250/month, the gross rental yield in Detroit, MI ZIP 48227 is 17.65% as of June 2026.
In Detroit, MI ZIP 48227, median Airbnb revenue is $974/month compared to median long-term rent of $1,250/month as of June 2026.
Detroit, MI 48227 Real Estate Market Report
ZIP Code: 48227
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 the 48227 area average approximately 6.53%, reflecting a stable market environment for property owners compared to early 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary indicator, median sold price 91,000, reflects recent transaction-level market value and aligns with a up price year-over-year trend, suggesting continued moderate appreciation rather than a rapid run-up.
- Liquidity appears muted: the median days on market 278 points to slower sales velocity and pricing friction, while the market temperature is neutral, indicating a balanced negotiation environment rather than a clear seller or buyer advantage.
- Seller/listing context shows a median listing price of 85,000 versus the realized median sold price of 91,000, which may indicate sellers are achieving premiums over typical asking levels in completed transactions; this dynamic appears alongside a relatively constrained active supply in the analyzed sample and moderate transaction volume.
- Rental and financing conditions provide mixed signals for investors: the median market rent 1,250 is rising (up rent year-over-year), but interest rate pressure is elevated with local 30-year fixed rates around 6.53%, which may increase holding costs even as rental demand strengthens.
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
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
Sold below market average
Sold below 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, 6.53% rate, 1.7% 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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