Market Intelligence · MI / Detroit

Detroit, MI 48227 Housing Market

The typical home value in Detroit's 48227 ZIP code is $70,471, down 2.9% over the past year as of 2026-08-01. Sellers listed homes at a median price of $89,000, and homes sat on the market for a median of 57 days.

Updated August 2026Median value$70K

The median home value in Detroit, MI 48227 is $70K as of August 2026, down 2.9% 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 48227 range

$65K to $76K

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

-2.9% over 12 months

Typical home value in 48227 over the last 12 months: $73K in Aug 2025 to $70K in Aug 2026 (-2.9%).

Aug 2025$73K

Aug 2026$70K

The numbers

What is the 48227 housing market like?

Typical home value

$70K

Down2.9%YoY

Median list price

$89K

Up4.7%MoM

Days on market

57

Down1.7%MoM

Homes for sale

179

Down6.8%MoM

Price cuts

15.1%

Up2.9%MoM

New listings

64

Up6.7%MoM

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

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The comparison

How do 48227 home prices compare?

  • 48227$70,471
  • 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

The 48227 market in Detroit showed signs of softening as of 2026-08-01. Typical home values stood at $70,471, down 2.9% over the past year. There were 179 homes for sale, with 64 new listings coming on, so buyers had a fair amount of choice. The median list price was $89,000, and homes took a median of 57 days to sell. About 15.1% of listings had a price cut. For a seller, that means pricing right from the start matters more than testing the market high.

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