48081 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

$118,600

  • 8.8% 1-year change
  • 3.6% 1-year forecast

The median home value in 48081 is $118,600. 48081 home values have gone up 8.8% over the past year and Zillow predicts they will rise 3.6% within the next year.

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 48081 homeowners underwater on their mortgage is 24.9%, which is higher than Saint Clair Shores at 21.9%.

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Relative ZHVI
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48081 Market Overview

Data through Jul 31, 2015
  • $118,600 ZHVI
  • 3.6% 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
    (Jul 31, 2016)
  • No data Median listing price
  • $124,850 Median sale price
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48081 Market Health

Data through Jul 31, 2015
  • 9.1/10 Very 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
  • 24.9% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)
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Nearby Zip Codes

Name Median ZHVI
48236 $210,800
48088 $114,000
48026 $110,800
Name Median ZHVI
48082 $98,800
48080 $89,100
48035 $88,400
Name Median ZHVI
48066 $58,700
48021 $53,100
48225 $52,400

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $106 Median sale price / sq ft
  • No data Listings with price cut
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48081 Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,209 48081
    $1,187 Saint Clair Shores
    $1,376 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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