Home Values

48234 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

$38,200

  • 4.1% 1-year change
  • 3.2% 1-year forecast

The median home value in 48234 is $38,200. 48234 home values have gone up 4.1% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in 48234 is $14, which is lower than the Detroit average of $15. The median price of homes currently listed in 48234 is $12,000 while the median price of homes that sold is $59,000. The median rent price in 48234 is $700, which is lower than the Detroit median of $725.

Relative ZHVI
- +

48234 Market Overview

Data through Dec 31, 2014
  • $38,200 ZHVI
  • 3.2% 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
    (Dec 31, 2015)
  • $12,000 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

48234 Market Health

Data through Dec 31, 2014
  • 2.7/10 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
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% 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
48015 $65,000
48091 $62,100
48202 $54,000
Name Median ZHVI
48030 $50,700
48089 $48,200
48203 $44,400
Name Median ZHVI
48213 $40,800
48212 $38,500
48205 $35,300

Listings & Sales

Data through Dec 31, 2014
  • $14 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.3% Listings with price cut
25.6%
Sold below listing
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

48234 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $738 48234
    $744 Detroit
    $1,345 United States

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

  • 0.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $700 Rent list price
  • $0.80 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