ZIP Code 48201 — Detroit, MI Home Prices (2026)

The typical home in ZIP 48201 (Detroit, Michigan) is worth about $426,000 at roughly $342 per square foot — 384% more expensive than the Detroit median and 45% more expensive than the typical U.S. home.

$426,000

Typical home value

$342

Price per sq ft

#1 of 25

Detroit ZIPs by value

+384%

vs Detroit median

How 48201 compares

ZIP 48201 is one of the pricier ZIP codes in Detroit: its typical home value of $426,000 ranks #1 of the 25 Detroit ZIP codes we track (the citywide range runs from $46,000 in 48213 to $426,000 in 48201). Per square foot it costs about $342, against $97 for Detroit as a whole, $190 for Michigan, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 48201	$426,000	$342
Detroit, MI	$88,000	$97
Michigan	$251,000	$190
United States	$294,000	$195

Home value by size in 48201

Using this ZIP’s rate of about $342 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$342,000
1,500 sq ft	$513,000
2,000 sq ft	$684,000
2,500 sq ft	$855,000
3,000 sq ft	$1,026,000

Salary needed to buy a home in ZIP 48201

To buy the typical $426,000 home in ZIP 48201 with 20% down, you need a household income of roughly $116,000 a year (about $2,700 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $138,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$21,300	$3,360/mo	$144,000/yr
10% (+PMI)	$42,600	$3,210/mo	$138,000/yr
20%	$85,200	$2,700/mo	$116,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 48201

At about $342 per square foot, here is roughly how much home different budgets get you in ZIP 48201:

Budget	Approx. size	What that looks like locally
$200k	580 sq ft	below the local median — condos, smaller or older homes
$250k	730 sq ft	below the local median — condos, smaller or older homes
$300k	880 sq ft	below the local median — condos, smaller or older homes
$400k	1170 sq ft	around the typical home here
$500k	1460 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48201 home.

Estimate a specific home in 48201

The estimator below is pre-set to ZIP 48201 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Detroit ZIP codes by home value

Where 48201 sits among Detroit’s 25 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	48201 (this page)	$426,000	$342
2	48226	$325,000	$323
3	48216	$186,000	$210
4	48202	$181,000	$153
5	48207	$150,000	$156
6	48221	$135,000	$118
7	48208	$131,000	$183
8	48215	$95,000	$101
9	48235	$94,000	$108
10	48209	$92,000	$125
11	48214	$92,000	$140
12	48219	$90,000	$90
13	48206	$88,000	$105
14	48223	$87,000	$87
15	48224	$82,000	$84
16	48210	$69,000	$97
17	48227	$68,000	$77
18	48228	$68,000	$90
19	48203	$59,000	$46
20	48217	$57,000	$83
21	48204	$56,000	$57
22	48234	$54,000	$69
23	48238	$53,000	$65
24	48205	$51,000	$69
25	48213	$46,000	$51

ZIP 48201 home prices: frequently asked

What is the average home price in ZIP code 48201? +

The typical home in ZIP 48201 (Detroit, MI) is worth about $426,000 as of 2026. That is 384% more expensive than the Detroit median of $88,000 and 45% more expensive than the U.S. median of $294,000.

What is the price per square foot in 48201? +

About $342 per square foot in 48201, versus $97 across Detroit and $190 across Michigan. At that rate a 1,500 sq ft home runs roughly $513,000 and a 2,500 sq ft home about $855,000.

What salary do you need to buy a house in ZIP 48201? +

For the typical $426,000 home in ZIP 48201, a household income of about $116,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $138,000; with 5% down about $144,000.

Is 48201 an expensive ZIP code? +

Within Detroit, 48201 ranks #1 of 25 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Detroit. Nationally it is relatively expensive.

See the full Detroit home values page, all Michigan cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.