Metro Detroit Real Estate Market Overview

Top Detroit Investment Markets (by Zip Code)

Zip Code: 48240 - Redford, MI (Grade C)

  • Median Sales Price: $83k
  • Median Rent: $1,100
  • Median Taxes: $1,829
  • Annual Return Potential: 23%

Zip Code: 48237 - Oak Park, MI (Grade D)

  • Median Sales Price: $113k
  • Median Rent: $1,388
  • Median Taxes: $2,411
  • Annual Return Potential: 20%

Zip Code: 48219 - Detroit, MI (Grade D)

  • Median Sales Price: $35k
  • Median Rent: $825
  • Median Taxes: $1,963
  • Annual Return Potential: 13% (with no mortgage)

Zip Code: 48235 - Detroit, MI (Grade D)

  • Median Sales Price: $36k
  • Median Rent: $813
  • Median Taxes: $1,846
  • Annual Return Potential: 13% (with no mortgage)

Metro Detroit Market Update Video

Detroit Real Estate Market - Neighborhood Grades (By Zip Code)

This table provides a breakdown of the Detroit real estate market for investors.  We have included a grade and detailed economic information for every large zip code in the Detroit metro area.  The grading scale is from A through F (with A being the best).  In Detroit, Grade A neighborhoods have a median income of $88k and 5% of households live below the poverty line.  Grade D neighborhoods on the other hand have a median income of $40k and 21% of households live below the poverty line.

Zip Code City State Zip Code Grade Median Income % in Poverty Unemployed %
48306 Rochester Hills MI A 119,253 2.70% 7.90%
48098 Troy MI A 113,574 3.10% 7.40%
48009 Birmingham MI A 98,750 3.50% 5.20%
48375 Novi MI A 83,968 4.60% 6.50%
48230 Grosse Pointe Park MI A 96,975 5.20% 8.50%
48167 Northville Township MI A 75,438 4.50% 8.40%
48331 Farmington Hills MI A 95,571 5.80% 5.30%
48178 South Lyon MI A 72,091 4.90% 8.70%
48382 Commerce Township MI A 87,835 5.60% 8.80%
48187 Canton MI A 76,430 5.20% 7.60%
48236 Grosse Pointe Woods MI A 91,782 6% 8.40%
48335 Farmington Hills MI A 60,923 5.10% 5.90%
48309 Rochester Hills MI A 84,118 6.20% 8.20%
48188 Canton MI A 88,853 6.90% 8.50%
48322 West Bloomfield MI B 81,652 7.70% 9.10%
48307 Rochester Hills MI B 66,263 8% 8.70%
48329 Waterford MI B 66,765 8.60% 9.70%
48101 Allen Park MI B 58,720 7.90% 12.30%
48081 Saint Clair Shores MI B 57,256 7.90% 11.10%
48442 Holly MI B 66,197 8.90% 13.40%
48124 Dearborn MI B 58,074 8.20% 9.60%
48334 Farmington Hills MI B 64,512 9.70% 7.90%
48312 Sterling Heights MI C 56,379 9.40% 12.10%
48076 Southfield MI C 66,177 11.00% 14.20%
48336 Farmington Hills MI C 54,921 9.60% 8.60%
48135 Garden City MI C 52,425 9.40% 12.80%
48183 Trenton MI C 56,594 10.60% 10.70%
48313 Sterling Heights MI C 59,036 11.30% 11.10%
48088 Warren MI C 55,289 11% 9.40%
48083 Troy MI C 63,788 13.60% 10.80%
48195 Southgate MI C 48,439 10.50% 11.30%
48082 Saint Clair Shores MI C 53,518 11.60% 13.00%
48327 Waterford MI C 51,596 11.60% 11.90%
48080 Saint Clair Shores MI C 50,119 11.50% 11.70%
48192 Wyandotte MI C 48,664 11.70% 12.90%
48326 Auburn Hills MI C 52,937 13.10% 10.00%
48240 Redford MI C 47,401 12.60% 14.30%
48093 Warren MI C 48,831 13.70% 13%
48239 Redford MI C 50,113 14.10% 14.50%
48092 Warren MI C 48,225 13.80% 9.40%
48393 Wixom MI C 47,908 14.10% 9.70%
48075 Southfield MI C 54,152 16.50% 14.00%
48035 Clinton Township MI C 43,809 13.40% 18.20%
48310 Sterling Heights MI C 54,845 18.30% 13.50%
48185 Westland MI C 42,810 14.20% 11.60%
48036 Clinton Township MI C 45,573 15.10% 12.70%
48220 Ferndale MI D 44,986 17% 12.50%
48186 Westland MI D 45,598 17.30% 15.50%
48237 Oak Park MI D 48,261 19.40% 16.30%
48066 Roseville MI D 40,289 16.30% 15.80%
48125 Dearborn Heights MI D 42,247 17.40% 15.80%
48328 Waterford MI D 44,663 19.10% 11.60%
48033 Southfield MI D 44,011 18.80% 15.90%
48034 Southfield MI D 40,731 17.70% 13.70%
48184 Wayne MI D 39,614 17.40% 17.40%
48146 Lincoln Park MI D 40,700 18% 14.10%
48127 Dearborn Heights MI D 43,326 19.80% 12.60%
48071 Madison Heights MI D 40,140 18.80% 14.10%
48180 Taylor MI D 41,933 21.20% 18.10%
48021 Eastpointe MI D 43,274 22.70% 17.40%
48221 Detroit MI D 38,588 24% 23.80%
48091 Warren MI D 36,401 23.70% 19.10%
48089 Warren MI D 35,165 25.30% 21.30%
48060 Port Huron Township MI D 35,337 27.70% 19%
48030 Hazel Park MI D 30,875 27.40% 16.10%
48223 Detroit MI D 34,546 32.80% 22.80%
48219 Detroit MI D 32,416 32.30% 26.10%
48235 Detroit MI D 28,897 33.60% 24.40%
48340 Pontiac MI D 28,929 34% 19.00%
48227 Detroit MI D 28,994 35.80% 23.90%
48224 Detroit D 30,457 37.30% 29.10%
48209 Detroit MI F 27,358 37.70% 22.10%
48141 Inkster MI F 26,512 38.10% 25.30%
48234 Detroit MI F 26,296 41.30% 39%
48238 Detroit MI F 23,667 42.00% 32.80%
48228 Detroit MI F 24,254 44.30% 30.80%
48210 Detroit MI F 24,949 46.60% 28.20%
48206 Detroit MI F 23,630 43.30% 35.30%
48213 Detroit MI F 22,592 45.50% 33.20%
48204 Detroit MI F 21,075 44.40% 35.20%
48205 Detroit F 26,648 42.80% 34.90%