Market Intelligence · MI / Detroit

Detroit, MI 48227 Housing Market

The typical home value in Detroit 48227 is $67,593, down 4.2% over the past year. Homes are listed at a median price of $89,950 and spend a median of 51 days on market.

Updated September 2026Median value$68K

The median home value in Detroit, MI 48227 is $68K as of September 2026, down 4.2% 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.

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Typical 48227 range

$62K to $73K

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

-4.2% over 12 months

Sep 2025$71K

Low $67KHigh $71K

Sep 2026$68K

The numbers

What is the 48227 housing market like?

As of September 2026

Typical home value

$68K

4.2%YoY

Median list price

$90K

1.1%MoM

Days on market

10.5%MoM

Homes for sale

197

10.1%MoM

Price cuts

14.9%

1.4%MoM

New listings

0.0%MoM

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

The outlook

48227 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48227 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 48227 fell 4.2%, per the Zillow Home Value Index.

Will home prices drop in 48227?

Zillow's forecast does not call for a drop: it expects typical home values in 48227 to rise 1.4% by September 2027, after a 4.2% 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.

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The comparison

How do 48227 home prices compare?

48227$67,593
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 197 homes for sale in this ZIP code, with 64 new listings added recently. The median list price sits at $89,950, while typical home values have declined 4.2% over the past year to $67,593. Homes spend about 51 days on market before selling. About 14.9% of listings have seen a price cut. For sellers, the softening values and moderate inventory suggest this is a buyer's market.

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Down payment20% · $13,519

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Common questions

What people ask us.

What is the typical home value in 48227?

The typical home value is $67,593, down 4.2% over the past year.

How long do homes stay on the market?

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

How many homes are for sale in this ZIP?

There are 197 homes for sale, with 64 new listings added recently.

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