dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −19.1% YoY. inventory, −10.6% YoY, is the number to watch.
The median listing price is down 19.1% YoY while the median home got up 7.5% bigger, so value per square foot is down 12.9%.
U.S. Census ACS characteristics for ZIP 48209 itself, not its parent county.
Renters hold 38.8% of this ZIP's 9,211 occupied households, on a median household income of $43K.
| Measure | ZIP 48209 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $43K | $61K | -$17K |
| Below Poverty Level | 28.5% | 20.8% | +7.7% |
| Median Age | 31.90 | 37.90 | -6.00 |
| Total Population | 27,184 | 1,772,259 | -- |
| Avg Household Size | 2.94 | 2.50 | +0.44 |
| Owner-Occupied | 61.2% | 64.8% | -3.6% |
| Worked From Home | 6.1% | 14.1% | -8.0% |
| Mean Commute | 24.40 | 24.70 | -0.30 |
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.