Market Intelligence · MI / Detroit

Detroit, MI 48206 Housing Market

The typical home value in Detroit's 48206 ZIP code is $90,762, down 13.7% over the past year. Homes here carry a median list price of $198,747, and the median time on market is 61 days.

Updated June 2026Median value$91K

The median home value in Detroit, MI 48206 is $91K as of June 2026, down 13.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48206 range

$84K to $98K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-13.7% over 12 months

Typical home value in 48206 over the last 12 months: $105K in Jun 2025 to $91K in Jun 2026 (-13.7%).

Jun 2025$105K

Jun 2026$91K

The numbers

What is the 48206 housing market like?

Typical home value

$91K

Down13.7%YoY

Median list price

$199K

Days on market

61

Down33.0%MoM

Homes for sale

85

Price cuts

21.8%

New listings

22

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 48206 home prices compare?

  • 48206$90,762
  • Detroit$90,762
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 85 homes for sale in 48206, with 22 new listings added. The median list price stood at $198,747, while the typical home value was $90,762, down 13.7% over the past year. Listings took a median of 61 days to leave the market, and 21.8% of them had a price cut. For sellers, the data points to a slower market where pricing carefully and preparing for a longer timeline both matter.

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