48210, Detroit, MI

Detroit, Michigan is one of the most economically depressed cities in the United States. The city has been struggling for over a decade now, and it seems like things are only getting worse. In fact, according to Forbes, Detroit ranks as the second most dangerous city in America. Needless to say, it's not an ideal place to live or invest in property.

However, despite all of this negative news and data, there are some bright spots that investors should keep an eye on when looking at home equity and home prices in the 48210 zip code of Detroit. For example:

-The population of Detroit is declining steadily

-There is a high level of unemployment and poverty

-The average home value in this zip code is only $27,000

-The median household income here is only $25,000 per year

Given all of these factors - which are all indicative of a weak housing market - it's no surprise that home equity and home prices have taken a beating over the past few years. However, there are still some good opportunities available for those who are willing to do their homework and look for them. Here's what you need to know about home equity and home prices in the 48210 zip code of Detroit: