Home Values

48221 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$42,900

  • 1.7% 1-year change
  • 2.2% 1-year forecast

The median home value in 48221 is $42,900. 48221 home values have gone up 1.7% over the past year and Zillow predicts they will rise 2.2% within the next year. The median rent price in 48221 is $800, which is higher than the Detroit median of $750.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 48221 homeowners underwater on their mortgage is 49.9%, which is higher than Detroit at 38.8%.

Read more
Relative ZHVI
- +

48221 Market Overview

Data through Jun 30, 2015
  • $42,900 ZHVI
  • 2.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

48221 Market Health

Data through Jun 30, 2015
  • 1.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 49.9% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI
48070 $301,900
48069 $258,300
48220 $109,600
Name Median ZHVI
48237 $76,800
48203 $44,000
48227 $40,900
Name Median ZHVI
48238 $38,600
48204 $38,400
48235 $38,200

Listings & Sales

  • No data
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

48221 Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $780 48221
    $748 Detroit
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $800 Rent list price
  • $0.62 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading