Woodbridge, Detroit, MI—48208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodbridge, Detroit, MI
As of Oct '25, the median home price in Woodbridge, Detroit, MI is $133,000, with a year-over-year change of -9.2%. This indicates that home prices in Woodbridge, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $133,000 | -9.2% |
| Single Family | $106,000 | -8.6% |
| Condos | $316,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 3.6% |
3 Bed | $140,000 | -4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Woodbridge, Detroit, MI
As of July '25, Rentcast reports the average rent in Woodbridge, Detroit, MI is $1,700, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Woodbridge, Detroit, MI is studios: $932, 1-bedrooms: $1,090, 2-bedrooms: $1,910, 3-bedrooms: $2,030. The most common rental property sizes in Woodbridge, Detroit, MI are 2-bedroom and 1-bedroom, accounting for 38.2% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,700 |
| Studio Rent | $950 | $932 |
| 1 Bed Rent | $1,090 | $1,090 |
| 2 Bed Rent | $1,780 | $1,910 |
| 3 Bed Rent | $2,200 | $2,030 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Woodbridge, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Woodbridge, Detroit, MI is 73. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter 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 | $251,000 | -27.0% |
Listing Count | 55 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 73 | -25.0% |
Demographics — Woodbridge, Detroit, MI
As of the latest ACS Survey released in 2023, Woodbridge, Detroit, MI has a population of 7,900, which has decreased by -14.0% over the past 5 years. Woodbridge, Detroit, MI is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,900 | -14.0% |
% Under 18 | 16.2% | -24.3% |
% Seniors | 14.9% | 16.4% |
% WFH | 18.2% | 468.8% |
% w/ College Degree | 26.6% | 18.2% |
As of the latest ACS Survey released in 2023, Woodbridge, Detroit, MI is a predominantly black area, with 67.3% of the population identifying as black. The black population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Woodbridge, Detroit, MI is white, making up 22.6% of the population. Foreign-born residents account for 1.9% of the population in Woodbridge, Detroit, MI, and this percentage has increased by 18.8% 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 | 22.6% | 34.5% |
% Black | 67.3% | -9.1% |
% Hispanic | 5.5% | -12.7% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 1.9% | 18.8% |
Mortgage and Risk — Woodbridge, Detroit, MI
According to HUD data as of 2023, there were 46 mortgage originations in Woodbridge, Detroit, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Woodbridge, Detroit, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Woodbridge, Detroit, MI
Woodbridge, Detroit, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,043 |
Total Units Section 8 | 829 |
% Rentals under Section 8 | 32.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,090 | $920 |
| 2 Bedroom | -$610 | $1,780 | $1,170 |
| 3 Bedroom | -$760 | $2,200 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Woodbridge, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $133,000 |
| Median Household Income | $29,700 |