Home Values

48185 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

$107,700

  • 7.7% 1-year change
  • 2.7% 1-year forecast

The median home value in 48185 is $107,700. 48185 home values have gone up 7.7% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in 48185 is None. The median rent price in 48185 is $925, which is higher than the Westland median of $850.

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 48185 homeowners underwater on their mortgage is 29.7%, which is lower than Westland at 31.9%.

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Relative ZHVI
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48185 Market Overview

Data through Apr 30, 2015
  • $107,700 ZHVI
  • 2.7% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $116,117 Median sale price
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48185 Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 29.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
48187 $197,500
48154 $164,500
48152 $160,500
Name Median ZHVI
48150 $130,900
48127 $104,900
48186 $80,400
Name Median ZHVI
48135 $77,800
48184 $58,000
48141 $40,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $92 Median sale price / sq ft
  • No data Listings with price cut
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48185 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,073 48185
    $1,035 Westland
    $1,364 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $925 Rent list price
  • $0.84 Rent list price / sq ft
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