dynamic.RE
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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −6.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +42.8% YoY, is the number to watch.
The median listing price is down 6.4% YoY while the median home got down 2.8% bigger, so value per square foot is down 1.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $425K purchase rents for $1,900/mo: 0.45% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent).
Rentals here take about 2 days longer to find a tenant than sales take to go under contract (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 48108 itself, not its parent county.
Renters hold 44.6% of this ZIP's 12,347 occupied households, on a median household income of $89K.
| Measure | ZIP 48108 | Washtenaw County | Difference |
|---|---|---|---|
| Median Household Income | $89K | $89K | +$175 |
| Below Poverty Level | 13.6% | 14.2% | -0.6% |
| Median Age | 36.30 | 35.00 | +1.30 |
| Total Population | 27,666 | 369,822 | -- |
| Avg Household Size | 2.20 | 2.33 | -0.13 |
| Owner-Occupied | 55.4% | 61.6% | -6.2% |
| Worked From Home | 23.0% | 22.6% | +0.4% |
| Mean Commute | 21.70 | 23.50 | -1.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 369,822: residents under 18 are down 0.3% and those 65 and over are up 3.6%.
County median household income is $89K, 14.2% of residents are below the poverty level, 22.6% work from home.