Zip Code:

48227, Detroit, MI

48227 is a Michigan Zip code within the city of Detroit and the county of Wayne County. Its population is roughly 41,353.

The Real Estate Market in the 48227 Zip Code of Detroit, MI

Detroit is a city that has been struggling for many years. The population has decreased, and the economy has not been doing well. This has caused home prices to decrease, and people are now looking to sell their homes. In the 48227 zip code of Detroit, MI, there have been a lot of home sales in the past year. The average sale price was $40,000 lower than the previous year. This indicates that there are a lot of people who are looking to sell their homes in this area.

There are a few reasons why home prices have decreased in this area. One reason is that there are fewer people living in this area, which means that there is less demand for homes. Another reason is that the economy has not been doing well, which means that people do not have as much money to spend on homes. Finally, there have been a lot of home sales in this area over the past year, which means that there are more available homes for sale than usual.

Price Index: Detroit-Dearborn-Livonia, MI (MSAD)

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