Zip Code 48228

Detroit, MIWayne County

Real Estate Market Analysis

Q3 2025 Report
$65,000 (2025 est.)
Median Home Value
~54,000 (2025 est.)
Population
$34,000
Median Income
Low; ranked #774 of 851 in MI (2025)[1]
School District Rating

Market Statistics

Property Values

$65,000 (2025 est.)
Median Home Value
$1,050/mo (2025 est.)
Median Rent
$60-$70 (2025)
Price per Sq Ft

Market Performance

Home Appreciation~3% YoY (2024-2025)
Market VelocityModerate; average DOM 35-45 days
Foreclosure RateAbove state average; ~1.5% of homes

Area Information

Area Size~8.5 sq mi
CountyWayne
Primary CityDetroit

Housing Profile

Housing Statistics

Total Housing Units~18,000
Owner Occupied~52%
Rental Properties~40%
Vacant Units~8%
New ConstructionLimited; mostly infill and small-scale rehab

Housing Types

Single-family detachedDuplexesSmall multifamily (2-4 units)Townhomes

Demographics

~54,000 (2025 est.)
Population
33
Median Age
$34,000
Median Income
~89% (unemployment ~11%)
Employment Rate
High school diploma or higher: 74%; Bachelor's or higher: 10%
Education Levels
Predominantly families with children; average household size 3.1
Family Composition

Education Quality

School District Performance

Low; ranked #774 of 851 in MI (2025)[1]
District Rating
School DistrictDetroit Public Schools Community District
Test ScoresMath proficiency: <20%; Reading proficiency: <25% (district avg.)[1][3]
Graduation Rates~65% (district avg.)

Schools in Area

  • Keidan Special Education Center
  • Jerry L White Center
  • Moses Field Center
  • Pathways Academy

Economic Factors

Employment & Business

Job GrowthSlow; ~1% YoY
Unemployment Rate~11% (2025)
Business EnvironmentChallenging; small business growth but limited large-scale investment
Commercial ActivityPrimarily retail, auto services, and logistics

Major Employers

  • Henry Ford Health System
  • Detroit Public Schools
  • Amazon (distribution center nearby)
  • Local manufacturing/auto suppliers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-96 freeway
  • DDOT bus routes
  • Proximity to Southfield Fwy (M-39)

Utilities & Services

  • DTE Energy (electric/gas)
  • Detroit Water & Sewerage

Quality of Life

Safety & Environment

High; violent and property crime rates above Detroit average

Urban; some air quality concerns, proximity to industrial corridors

Healthcare Access

  • Henry Ford Medical Center
  • Detroit Medical Center (nearby)

Development Trends

Planned Developments

  • Small-scale residential rehabs
  • Retail plaza renovations

Infrastructure Projects

  • Road resurfacing (select corridors)
  • Sidewalk improvements

Investment Outlook

Growth Outlook

Stable to modest growth; limited large-scale development

Investment Opportunities

  • Single-family rentals
  • Value-add multifamily
  • Affordable housing tax credits

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors
  • Section 8 tenants
  • Local families

Competitive Advantages

  • Low entry price
  • Strong rental demand
  • Proximity to major employers

Pricing Strategies

Value-based pricing; incentives for quick close

Common Objections & Response Strategies

Objection: High crime rates

Response Strategy:

Emphasize active neighborhood watch, security upgrades, and proximity to police precincts.

Objection: Low school ratings

Response Strategy:

Highlight specialty programs, charter/private school options, and after-school resources.

Objection: Older housing stock

Response Strategy:

Promote recent renovations, home warranty options, and value-add potential.

Professional Recommendations

1

Screen tenants thoroughly for rentals.

2

Partner with local contractors for rehab projects.

3

Highlight cash flow and rental demand in marketing.

4

Educate buyers on local grant/assistance programs.

5

Network with local community organizations for referrals.

Competitive Analysis

Comparable Markets

  • 48227 (Detroit)
  • 48219 (Detroit)
  • 48235 (Detroit)

Market Positioning

Affordable, high-yield rental market with value-add potential

Competitive Advantages

  • Lower prices than nearby zip codes
  • Higher rental yields

Price Comparison

48228 median home value is 10-20% lower than 48219 and 48235

Investment Metrics

8-10% (2025 est.)
Cap Rates
~12% gross yield
Rental Yields
~5.5
Price-to-Rent
Strong for well-managed rentals
Cash Flow
2-3% annually
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability; may need education on renovation loans and down payment assistance.

Move-Up Buyers

Less common; may seek newer or suburban inventory.

Downsizers

Rare; area less popular for retirees.

Investors

Active; focus on rental income, Section 8, and rehab opportunities.

Relocators

Some interest from out-of-state investors; limited owner-occupant relocators.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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