Inkster, MI—48141
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Inkster, MI
As of Oct '25, the median home price in Inkster, MI is $107,000, with a year-over-year change of 5.8%. This indicates that home prices in Inkster, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | 5.8% |
| Single Family | $107,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $84,000 | 2.4% |
3 Bed | $114,000 | 3.6% |
4 Bed | $126,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Inkster, MI
As of July '25, Rentcast reports the average rent in Inkster, MI is $1,300, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Inkster, MI is studios: $832, 1-bedrooms: $926, 2-bedrooms: $1,160, 3-bedrooms: $1,410, 4-bedrooms: $1,400. The most common rental property sizes in Inkster, MI are 3-bedroom and 2-bedroom, accounting for 40.4% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | $832 | $832 |
| 1 Bed Rent | $1,000 | $926 |
| 2 Bed Rent | $1,150 | $1,160 |
| 3 Bed Rent | $1,350 | $1,410 |
| 4 Bed Rent | $1,450 | $1,400 |
% of Rental Stock
Property Listings — Inkster, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Inkster, MI is 34. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | 8.0% |
Listing Count | 99 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 34 | 1.0% |
Demographics — Inkster, MI
As of the latest ACS Survey released in 2023, Inkster, MI has a population of 25,600, which has increased by 4.0% over the past 5 years. Inkster, MI is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 11.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 4.0% |
% Under 18 | 27.4% | -9.0% |
% Seniors | 12.4% | 0.8% |
% WFH | 7.3% | 204.2% |
% w/ College Degree | 11.8% | 8.3% |
As of the latest ACS Survey released in 2023, Inkster, MI is a predominantly black area, with 72.4% of the population identifying as black. The black population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Inkster, MI is white, making up 16.8% of the population. Foreign-born residents account for 4.9% of the population in Inkster, MI, and this percentage has increased by 28.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.8% | -9.2% |
% Black | 72.4% | -0.8% |
% Hispanic | 2.2% | -29.0% |
% Asian | 1.1% | 57.1% |
% Foreign Born | 4.9% | 28.9% |
Mortgage and Risk — Inkster, MI
According to HUD data as of 2023, there were 257 mortgage originations in Inkster, MI, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Inkster, MI. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Inkster, MI
As of 2024, the percent of homes in Inkster, MI under the Section 8 program is 26.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Inkster, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,058 |
Total Units Section 8 | 1,349 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,000 | $1,080 |
| 2 Bedroom | $220 | $1,150 | $1,370 |
| 3 Bedroom | $330 | $1,350 | $1,680 |
| 4 Bedroom | $370 | $1,450 | $1,820 |
Affordability — Inkster, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $107,000 |
| Median Household Income | $39,600 |