Median home value in zip code 48204 (Detroit, MI) is $53,818, down 9.4% year over year. Part of the Detroit-Warren-Dearborn, MI metropolitan area.

Home Value$53,818

YoY Change

-9.4%

Prices falling — better for buyers.

Affordability

Enter your income for 48204 (Detroit).

Income (annual)

Down Payment

$10,764 on $53,818

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

Affordable7.8% of income

Under the 28% guideline.

PITI$485

P/I7.8%

Afford$194K

Room+$140K

P&I $272Tax $80Ins $133

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

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

Metro Analysis

48204 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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