Home Affordability in 48201
Detroit, MI — Wayne County
The median home price in ZIP code 48201 (Detroit) is $65,000 with a median household income of $32,000. The price-to-income ratio is 2.0x.
Median Home Price
$65,000
Median Income
$32,000
Price-to-Income
2.0x
Est. Affordable Home
$124,000
Property Tax Rate
2.85%
Annual Property Tax
$1,853
Cost of Living
85
Metro Area
Detroit MSA
Down Payment Scenarios for ZIP 48201
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $1,950 | $63,050 | Yes |
| 5% | $3,250 | $61,750 | Yes |
| 10% | $6,500 | $58,500 | Yes |
| 20% | $13,000 | $52,000 | No |
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