Zip Code 48235

Detroit, MIWayne County

Real Estate Market Analysis

Q3 2025 Report
$96,768 (Mar 2025), $108,000 (Jun 2025)
Median Home Value
~44,000 (2024 est.)
Population
$35,000–$38,000 (est.)
Median Income
Below state average (2024–2025)
School District Rating

Market Statistics

Property Values

$96,768 (Mar 2025), $108,000 (Jun 2025)
Median Home Value
~$1,100 (est., varies by property type)
Median Rent
$75-$76 (May-Jun 2025)
Price per Sq Ft

Market Performance

Home Appreciation9.4% (Mar 2024–Mar 2025); 20.5% (May 2024–May 2025)
Market VelocityAverage days on market: 20–33 days (2025); homes staying longer than city average
Foreclosure RateAbove national average (Detroit trend, 2024–2025)

Area Information

Area Size~7.5 sq mi
CountyWayne
Primary CityDetroit

Housing Profile

Housing Statistics

Total Housing Units~17,000 (est.)
Owner Occupied~55% (est.)
Rental Properties~45% (est.)
Vacant UnitsHigh vacancy rate (Detroit trend, ~20%)
New ConstructionLimited; mostly existing stock, some infill and rehab

Housing Types

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

Demographics

~44,000 (2024 est.)
Population
37 (est.)
Median Age
$35,000–$38,000 (est.)
Median Income
~89% (Detroit avg. 2025)
Employment Rate
High school diploma: ~80%; Bachelor’s or higher: ~12%
Education Levels
Predominantly families with children and single-parent households
Family Composition

Education Quality

School District Performance

Below state average (2024–2025)
District Rating
School DistrictDetroit Public Schools Community District
Test ScoresBelow Michigan average; some improvement in select schools
Graduation Rates~70% (district avg.)

Schools in Area

  • Mumford High School
  • Vernor Elementary
  • Pasteur Elementary
  • Other charter/private options

Economic Factors

Employment & Business

Job GrowthModest, 1–2% annual (Detroit trend)
Unemployment Rate~11% (Detroit avg. 2025)
Business EnvironmentImproving, with small business incentives and redevelopment
Commercial ActivityPrimarily local retail, healthcare, and service businesses

Major Employers

  • Henry Ford Health System
  • Detroit Public Schools
  • Retail/service sector
  • Automotive suppliers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-96 freeway
  • Lodge (M-10) freeway
  • DDOT bus lines

Utilities & Services

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

Quality of Life

Safety & Environment

Above national average; property and violent crime rates elevated but declining

Urban, some blight but improving; tree planting and cleanup efforts

Healthcare Access

  • Henry Ford Hospital
  • Sinai-Grace Hospital

Development Trends

Planned Developments

  • Selective infill housing
  • Retail/healthcare expansions

Infrastructure Projects

  • Road resurfacing
  • Streetscape improvements

Investment Outlook

Growth Outlook

Stable to modest growth; increased investor interest

Investment Opportunities

  • Single-family rentals
  • Fix-and-flip properties
  • Affordable housing tax credits

Marketing Intelligence

Target Demographics

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

Competitive Advantages

  • Lower entry price than suburbs
  • Strong rental demand
  • Recent appreciation

Pricing Strategies

Price slightly below recent comps for faster sales; offer incentives for closing costs

Common Objections & Response Strategies

Objection: Concerns about neighborhood safety

Response Strategy:

Provide recent crime trend data showing improvements; highlight block clubs and community policing.

Objection: Older housing stock and maintenance needs

Response Strategy:

Emphasize recent renovations, home warranties, and available grants for repairs.

Objection: School quality concerns

Response Strategy:

Share information on charter/private options and district improvement plans.

Professional Recommendations

1

Leverage recent appreciation data to demonstrate value growth.

2

Network with local contractors and property managers for investor clients.

3

Highlight down payment and renovation assistance programs for buyers.

4

Stage homes to overcome concerns about older housing stock.

5

Market to both owner-occupants and investors for maximum exposure.

Competitive Analysis

Comparable Markets

  • 48219 (Northwest Detroit)
  • 48221 (Bagley/University District)
  • 48227 (Brightmoor)

Market Positioning

Affordable, high-yield urban neighborhood with upside potential

Competitive Advantages

  • Higher appreciation than city average
  • Lower prices than 48221/48219

Price Comparison

48235 median home value ($96,768) vs. Detroit citywide ($78,601) and 48221 ($130,000+ est.)

Investment Metrics

8–12% (typical for SFR rentals, 2025)
Cap Rates
~10% gross yield (median rent/median price)
Rental Yields
~7.5–9
Price-to-Rent
Strong, especially for renovated properties
Cash Flow
5–8% annual (2025–2027, barring economic shocks)
Appreciation

Buyer Journey Insights

First-Time Buyers

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

Move-Up Buyers

Less common; may seek nearby 48221 or suburbs for larger/newer homes.

Downsizers

Rare, but some interest in smaller, renovated homes.

Investors

Active; focus on rentals, Section 8, and flips. High demand for turnkey properties.

Relocators

Often drawn by job proximity (healthcare, schools); value affordability and access.

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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