48203 — Detroit, MI Home Values
Typical home value $60,169 as of August 2026 · 210th of 217 in Detroit-Warren-Dearborn, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48203, August 2021 to August 2026. This page shows observed data only; no forecast.
How 48203 compares in the Detroit-Warren-Dearborn, MI area
ZIP code 48203 (Detroit, MI) has a typical home value of $60,169 as of August 2026, ranking 210th of 217 ZIP codes tracked in the Detroit-Warren-Dearborn, MI area, more expensive than about 4% of ZIP codes in the metro. Prices here have moved -7.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -15.5%, from $71,218 in August 2021 to $60,169 in August 2026. Against observed rent, the typical home here sells for 3.8× the annual rent ($1,313/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Detroit.
Population and demographics
ZIP code 48203 has a population of 20,472, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 86.7% Black or African American, 7.9% White, 2.5% two or more races, 2.3% Hispanic or Latino, 0.5% Asian, 0.1% American Indian or Alaska Native, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Sigma Academy for Leadership and Early Middle College | 8200 W OUTER DR, DETROIT, MI | 0.2 mi |
| Greenfield Union ElementaryMiddle School | 420 W 7 MILE RD, DETROIT, MI | 0.8 mi |
| George Washington Carver Middle School | 14510 2ND AVE, HIGHLAND PARK, MI | 0.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48203?
$60,169 as of August 2026, the latest month Zillow has published observed data for.
Is 48203 an expensive ZIP code in the Detroit-Warren-Dearborn, MI area?
48203 ranks 210th of 217 ZIP codes in the Detroit-Warren-Dearborn, MI area by typical home value, more expensive than about 4% of ZIP codes in the metro.
How much have home values in 48203 changed over the past year?
-7.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48203?
The typical home price is 3.8× the observed annual rent in this ZIP code ($1,313/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48203?
20,472, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48203?
Sigma Academy for Leadership and Early Middle College (0.2 mi), Greenfield Union ElementaryMiddle School (0.8 mi), George Washington Carver Middle School (0.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48203?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.