Market Intelligence · MI / Detroit

Detroit, MI 48217 Housing Market

The typical home value in Detroit's 48217 ZIP code is $59,639, up 2.0% over the past year as of June 1, 2026. The median list price sits at $75,000, and homes are taking a median of 32 days on market.

Updated June 2026Median value$60K

The median home value in Detroit, MI 48217 is $60K as of June 2026, up 2.0% 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 48217 range

$55K to $64K

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

+2.0% over 12 months

Typical home value in 48217 over the last 12 months: $58K in Jun 2025 to $60K in Jun 2026 (+2.0%).

Jun 2025$58K

Jun 2026$60K

The numbers

What is the 48217 housing market like?

Typical home value

$60K

Up2.0%YoY

Median list price

$75K

Days on market

32

Up77.8%MoM

Homes for sale

9

Price cuts

9.5%

New listings

6

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

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The comparison

How do 48217 home prices compare?

  • 48217$59,639
  • 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, 48217 has 9 homes for sale, with 6 of those being new listings. The median list price is $75,000, while the typical home value is $59,639, up 2.0% over the past year. Homes are spending a median of 32 days on market, and 9.5% of listings have had a price cut. For sellers, this is a small market where pricing carefully against actual sale values matters more than list-price hopes.

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