48204 — Detroit, MI Home Values
Typical home value $55,141 as of June 2026 · 214th of 217 in Detroit-Warren-Dearborn, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48204, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48204 compares in the Detroit-Warren-Dearborn, MI area
ZIP code 48204 (Detroit, MI) has a typical home value of $55,141 as of June 2026, ranking 214th of 217 ZIP codes tracked in the Detroit-Warren-Dearborn, MI area, more expensive than about 2% of ZIP codes in the metro. Prices here have moved -9.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +7.0%, from $51,517 in June 2021 to $55,141 in June 2026. Against observed rent, the typical home here sells for 3.8× the annual rent ($1,202/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 48204 has a population of 19,723, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 88% Black or African American, 4.1% two or more races, 3.7% Hispanic or Latino, 3.5% White, 0.6% American Indian or Alaska Native, and 0.1% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Barton Elementary School | 8530 JOY RD, DETROIT, MI | 0.7 mi |
| Charles R Drew Transition Center | 9600 WYOMING ST, DETROIT, MI | 0.7 mi |
| Mackenzie ElementaryMiddle School | 10147 W CHICAGO, DETROIT, 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 48204?
$55,141 as of June 2026, the latest month Zillow has published observed data for.
Is 48204 an expensive ZIP code in the Detroit-Warren-Dearborn, MI area?
48204 ranks 214th of 217 ZIP codes in the Detroit-Warren-Dearborn, MI area by typical home value, more expensive than about 2% of ZIP codes in the metro.
How much have home values in 48204 changed over the past year?
-9.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48204?
The typical home price is 3.8× the observed annual rent in this ZIP code ($1,202/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48204?
19,723, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48204?
Barton Elementary School (0.7 mi), Charles R Drew Transition Center (0.7 mi), Mackenzie ElementaryMiddle 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 48204?
No. Every number on this page is observed Zillow data as of June 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.