Market Intelligence · MI / Detroit

Detroit, MI 48206 Housing Market

The typical home value in Detroit, MI 48206 is $87,394, down 13.4% over the past year as of 2026-08-01. The median list price sits at $179,999, and homes spend a median of 64 days on the market.

Updated August 2026Median value$87K

The median home value in Detroit, MI 48206 is $87K as of August 2026, down 13.4% 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

$80K to $94K

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

-13.4% over 12 months

Typical home value in 48206 over the last 12 months: $101K in Aug 2025 to $87K in Aug 2026 (-13.4%).

Aug 2025$101K

Aug 2026$87K

The numbers

What is the 48206 housing market like?

Typical home value

$87K

Down13.4%YoY

Median list price

$180K

Down8.7%MoM

Days on market

64

Down4.5%MoM

Homes for sale

92

Up26.0%MoM

Price cuts

20.8%

Up44.2%MoM

New listings

32

Up128.6%MoM

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

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The comparison

How do 48206 home prices compare?

  • 48206$87,394
  • Detroit$87,394
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Detroit: 25 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 92 homes for sale in 48206, with 32 new listings coming on the market. The median list price is $179,999, while the typical home value is $87,394 and has fallen 13.4% over the past year. A median of 64 days on market means buyers are taking their time, and 20.8% of listings have taken a price cut. For a seller, this is a soft market where pricing realistically from day one matters more than testing a high number.

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