Market Snapshot
- Median listing price
- $115K
- Median rent
- $1,299/mo
- Days on market
- 262 days
- Gross rental yield
- 13.55%
- STR vs LTR
- $1,020/mo STR · $1,299/mo LTR
The median listing price in Detroit, MI ZIP 48235 is $115,000 as of June 2026.
The median market rent in Detroit, MI ZIP 48235 is $1,299/month as of June 2026.
The median days on market in Detroit, MI ZIP 48235 is 262 days as of June 2026. The market is currently neutral.
At a median list price of $115,000 and a median rent of $1,299/month, the gross rental yield in Detroit, MI ZIP 48235 is 13.55% as of June 2026.
In Detroit, MI ZIP 48235, median Airbnb revenue is $1,020/month compared to median long-term rent of $1,299/month as of June 2026.
Detroit, MI 48235 Real Estate Market Report
ZIP Code: 48235
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.
Key Findings
- The primary indicator of recent market value is the median sold price $105,000, which represents the most reliable signal of transaction-level pricing in the neighborhood; the current median listing price $115,000 suggests pricing friction between asks and closed sales.
- Sales velocity appears slow based on the median days on market 262, which may indicate longer time-to-contract and reduced liquidity relative to faster-turn markets rather than immediate distress.
- The neighborhood shows a softening price trend: year-over-year price direction is down while market temperature is described as neutral, implying pricing pressure without a pronounced buyer/seller imbalance.
- Rental fundamentals are supportive for investors: the median market rent $1,299 is rising (rent year-over-year trend is up), and the median price per square foot $90.11 provides a current valuation benchmark to compare against rental income expectations; interest rate pressure is moderate, which may temper transaction activity.
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.
Sold at 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, 6.50% rate, 1.4% 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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