Median home value in zip code 48203 (Detroit, MI) is $57,061, down 10.2% year over year. Part of the Detroit-Warren-Dearborn, MI metropolitan area.

Home Value$57,061

YoY Change

-10.2%

Prices falling — better for buyers.

Affordability

Enter your income for 48203 (Detroit).

Income (annual)

Down Payment

$11,412 on $57,061

Example: $75,000 household income. Change it above to see your own.

Affordable8.1% of income

Under the 28% guideline.

PITI$507

P/I8.1%

Afford$197K

Room+$140K

P&I $289Tax $85Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

48203 is part of the Detroit-Warren-Dearborn, MI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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