dynamic.RE
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A middling-yield market. Neither rent nor appreciation makes the case on its own.
What would change this read: a price correction (median already −1.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −22.5% YoY, is the number to watch.
The median listing price is down 1.7% YoY while the median home got up 0.0% bigger, so value per square foot is down 5.4%.
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 $194K purchase rents for $1,500/mo: 0.77% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 63 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 48207 itself, not its parent county.
Renters hold 74.2% of this ZIP's 11,502 occupied households, on a median household income of $48K.
| Measure | ZIP 48207 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $48K | $61K | -$13K |
| Below Poverty Level | 29.3% | 20.8% | +8.5% |
| Median Age | 40.00 | 37.90 | +2.10 |
| Total Population | 20,848 | 1,772,259 | -- |
| Avg Household Size | 1.74 | 2.50 | -0.76 |
| Owner-Occupied | 25.8% | 64.8% | -38.9% |
| Worked From Home | 19.5% | 14.1% | +5.4% |
| Mean Commute | 21.80 | 24.70 | -2.90 |
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 down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.
County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.