48203
Detroit, Michigan.
Detroit, Wayne County, MI · Detroit-Warren-Dearborn, MI metro · population 20,049
to buy the typical home at today's mortgage rate — +$134 (+73%) since Jan 2020.
- 1 year
- Down $4,262 -7%
- $64,676$60,415 since Sep 2025
- 5 years
- Down $10,499 -15%
- $70,913$60,415 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 48203$317
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in zip 48203 fell 6.6% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Detroit, MI — measured over the city limits, which is a different area from this zip.
Asking rent — 48203
Against the Detroit-Warren-Dearborn, MI metro and the national benchmark.
Not enough data to draw this yet.
Typical home value — 48203
Mid-tier homes, smoothed and seasonally adjusted.
- 48203$60,415
- Detroit$264,316
- United States$366,157
Within 20 miles
Showing 30 of 119 zips in range — sorting picks from all 119.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 2.4 | 48221 | Detroit | 41,392 | $1,302 | $134,161 |
| 2.5 | 48212 | Hamtramck | 43,384 | $1,181 | $128,138 |
| 2.6 | 48238 | Detroit | 24,731 | $1,247 | $54,502 |
| 2.8 | 48030 | Hazel Park | 14,963 | $1,525 | $154,149 |
| 3.0 | 48220 | Ferndale | 21,527 | $1,654 | $241,047 |
| 3.2 | 48206 | Detroit | 15,227 | $1,227 | $90,915 |
| 3.3 | 48234 | Detroit | 32,760 | $1,274 | $52,022 |
| 3.5 | 48202 | Detroit | 15,780 | $1,411 | $184,429 |
| 3.9 | 48091 | Warren | 30,696 | $1,380 | $154,211 |
| 4.0 | 48211 | Detroit | 5,419 | — | $56,890 |
| 4.0 | 48069 | Pleasant Ridge | 2,602 | — | $482,669 |
| 4.4 | 48204 | Detroit | 20,696 | $1,128 | $56,559 |
| 4.7 | 48235 | Detroit | 45,600 | $1,366 | $92,152 |
| 5.0 | 48237 | Oak Park | 29,318 | $1,540 | $231,297 |
| 5.1 | 48067 | Royal Oak | 24,868 | $2,099 | $338,836 |
| 5.1 | 48208 | Detroit | 8,037 | $1,306 | $136,858 |
| 5.1 | 48227 | Detroit | 40,302 | $1,376 | $67,593 |
| 5.3 | 48070 | Huntington Woods | 6,328 | — | $539,933 |
| 5.6 | 48015 | Center Line | 8,463 | $1,400 | $167,054 |
| 5.6 | 48201 | Detroit | 15,091 | $1,568 | $420,528 |
| 5.7 | 48213 | Detroit | 20,075 | $1,356 | $43,447 |
| 5.9 | 48071 | Madison Heights | 28,419 | $1,565 | $215,497 |
| 6.0 | 48210 | Detroit | 26,722 | — | $71,227 |
| 6.3 | 48205 | Detroit | 34,187 | $1,276 | $50,037 |
| 6.4 | 48089 | Warren | 31,853 | $1,315 | $126,401 |
| 6.7 | 48092 | Warren | 27,374 | $1,741 | $238,382 |
| 6.7 | 48216 | Detroit | 5,865 | $1,686 | $190,997 |
| 6.7 | 48072 | Berkley | 15,149 | $2,014 | $312,744 |
| 6.8 | 48226 | Detroit | 6,831 | $2,042 | $319,011 |
| 7.0 | 48207 | Detroit | 20,848 | $1,439 | $146,835 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.