Market Intelligence · MI / Detroit

Detroit, MI 48206 Housing Market

Typical home value in Detroit 48206 is $90,915, down 13.9% over the past year. The median list price stands at $202,450, and homes are spending a median of 51 days on market.

Updated September 2026Median value$91K

The median home value in Detroit, MI 48206 is $91K as of September 2026, down 13.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Detroit home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48206 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Detroit, MI.

12-month value trend

-13.9% over 12 months

Sep 2025$106K

Low $91KHigh $106K

Sep 2026$91K

The numbers

What is the 48206 housing market like?

As of September 2026

Typical home value

$91K

13.9%YoY

Median list price

$202K

12.5%MoM

Days on market

20.3%MoM

Homes for sale

7.6%MoM

Price cuts

18.8%

9.7%MoM

New listings

31.2%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48206 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48206 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 48206 fell 13.9%, per the Zillow Home Value Index.

Will home prices drop in 48206?

Zillow's forecast does not call for a drop: it expects typical home values in 48206 to rise 0.7% by September 2027, after a 13.9% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 48206 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48206 home prices compare?

48206$90,915
Detroit$86,511
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 99 homes for sale in 48206, with 22 new listings added recently. The median days on market of 51 suggests properties are taking time to move. About 18.8% of listings have seen a price cut, reflecting the pressures on sellers in a market where typical home values have declined. For homeowners considering a sale, the data points to a buyer's market where patience and realistic pricing will matter more than speed.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $18,183

Term

Rate (%)

Common questions

What people ask us.

What is a typical home value in Detroit 48206?

The typical home value is $90,915, down 13.9% over the past year as of September 2026.

How long do homes take to sell in 48206?

The median days on market is 51 as of September 2026.

What percentage of homes have price cuts in this ZIP?

About 18.8% of listings have experienced a price cut as of September 2026.

Discover

Nearby ZIP markets.

Keep reading