Detroit-Warren-Dearborn, MI · Michigan

Wayne County

ZIP 48154

1.8M residents3,881 permits TTM$59,521 median HHI69 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$170,200

ACS 5-Year

Cap rate proxy

9.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

21.9%

HUD FMR ÷ ACS HHI

Net migration

+1.25%

IRS SOI

Permits (TTM)

3,881

Census BPS

Climate risk

99.0

FEMA NRI (0–100)

ZIP 48154

Median home value

$170,200

Gross yield

10.5%

Buy Box score

0.2

Section 8 gap

37.1%

Affordability

P/I: 5.5R/I:

Section 8 detail

SAFMR: $1,490Rent: $1,087Gap: 37.1%
ZIP code breakdown69 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
48225$170,200$1,62011.4%1.049.0%
48205$170,200$1,3009.2%1.019.6%
48240$170,200$1,60011.3%1.047.2%
48224$170,200$1,3609.6%1.025.1%
48239$170,200$1,65011.6%1.051.8%
48219$170,200$1,3709.7%1.026.0%
48141$170,200$1,4109.9%1.029.7%
48125$170,200$1,57011.1%1.044.4%
48235$170,200$1,3309.4%1.022.4%
48204$170,200$1,2008.5%1.010.4%
48228$170,200$1,2308.7%1.013.2%
48227$170,200$1,2208.6%1.012.2%
48234$170,200$1,1708.2%1.07.6%
48238$170,200$1,1608.2%1.06.7%
48221$170,200$1,3809.7%1.027.0%
48223$170,200$1,2308.7%1.013.2%
48213$170,200$1,0907.7%1.00.3%
48215$170,200$1,1908.4%1.09.5%
48207$170,200$1,3309.4%1.022.4%
48206$170,200$1,1107.8%1.02.1%
48214$170,200$1,0707.5%1.0-1.6%
48209$170,200$1,0607.5%1.0-2.5%
48212$170,200$1,0907.7%1.00.3%
48208$170,200$1,1107.8%1.02.1%
48146$170,200$1,1908.4%0.99.5%
48195$170,200$1,3309.4%0.922.4%
48135$170,200$1,2709.0%0.916.8%
48216$170,200$1,1308.0%0.94.0%
48202$170,200$1,2909.1%0.918.7%
48180$170,200$1,2108.5%0.911.3%
48124$170,200$1,55010.9%0.942.6%
48122$170,200$1,4009.9%0.928.8%
48226$170,200$2,12014.9%0.995.0%
48126$170,200$1,3809.7%0.927.0%
48184$170,200$1,1408.0%0.94.9%
48217$170,200$1,3709.7%0.826.0%
48150$170,200$1,60011.3%0.847.2%
48101$170,200$1,4009.9%0.828.8%
48128$170,200$2,03014.3%0.886.8%
48120$170,200$1,80012.7%0.765.6%
48211$170,200$1,1708.2%0.77.6%
48192$170,200$1,1708.2%0.77.6%
48185$170,200$1,42010.0%0.730.6%
48210$170,200$1,1608.2%0.76.7%
48186$170,200$1,3409.4%0.623.3%
48127$170,200$1,47010.4%0.635.2%
48229$170,200$1,1508.1%0.65.8%
48203$170,200$1,0707.5%0.6-1.6%
48164$170,200$1,88013.3%0.573.0%
48218$170,200$1,0607.5%0.5-2.5%
48174$170,200$1,3409.4%0.523.3%
48183$170,200$1,2208.6%0.412.2%
48236$170,200$1,91013.5%0.475.7%
48188$170,200$1,88013.3%0.373.0%
48193$170,200$1,2709.0%0.316.8%
48152$170,200$1,60011.3%0.347.2%
48111$170,200$1,47010.4%0.335.2%
48173$170,200$1,3409.4%0.323.3%
48187$170,200$1,72012.1%0.258.2%
48154$170,200$1,49010.5%0.237.1%
48138$170,200$1,67011.8%0.253.6%
48134$170,200$1,3809.7%0.227.0%
48230$170,200$1,77012.5%0.162.8%
48170$170,200$1,46010.3%0.134.3%
48201$170,200$1,2508.8%0.115.0%
48168$170,200$1,62011.4%0.049.0%
48233$170,200$1,3409.4%23.3%
48242$170,200$1,3409.4%23.3%
48243$170,200$1,3409.4%23.3%

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Demographics

Owner-occupied

64.5%

Census ACS

Vacancy rate

12.9%

Census ACS

Bachelor's degree +

26.9%

Census ACS

Rent burdened

48.7%

Census ACS (>30% income)

Median age

37.8

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026