Median home value in zip code 48240 (Redford, MI) is $150,944, up 0.4% year over year. Part of the Detroit-Warren-Dearborn, MI metropolitan area.

Home Value$150,944

YoY Change

+0.4%

Prices rising — worse for buyers.

Affordability

Enter your income for 48240 (Redford).

Income (annual)

Down Payment

$30,189 on $150,944

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

Affordable17.9% of income

Under the 28% guideline.

PITI$1,120

P/I17.9%

Afford$236K

Room+$85K

P&I $763Tax $224Ins $133

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

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

Metro Analysis

48240 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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