Chadsey-Condon, Detroit, MI—48210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chadsey-Condon, Detroit, MI
As of Oct '25, the median home price in Chadsey-Condon, Detroit, MI is $67,000, with a year-over-year change of -0.1%. This indicates that home prices in Chadsey-Condon, Detroit, MI are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $67,000 | -0.1% |
| Single Family | $67,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $57,000 | 5.6% |
3 Bed | $66,000 | 3.1% |
4 Bed | $84,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chadsey-Condon, Detroit, MI
As of July '25, Rentcast reports the average rent in Chadsey-Condon, Detroit, MI is $1,060, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Chadsey-Condon, Detroit, MI is 2-bedrooms: $1,070, 3-bedrooms: $1,040. The most common rental property sizes in Chadsey-Condon, Detroit, MI are 2-bedroom and 3-bedroom, accounting for 41.4% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,070 |
| 3 Bed Rent | $1,000 | $1,040 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chadsey-Condon, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Chadsey-Condon, Detroit, MI is 45. This is a decrease of -12.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $108,000 | 50.0% |
Listing Count | 31 | 30.0% |
| Listings as % of Homes | 0.1% | 30.0% |
Days on Market | 45 | -12.0% |
Demographics — Chadsey-Condon, Detroit, MI
As of the latest ACS Survey released in 2023, Chadsey-Condon, Detroit, MI has a population of 26,900, which has decreased by -10.0% over the past 5 years. Chadsey-Condon, Detroit, MI is a popular place for families, as children make up 33.6% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,900 | -10.0% |
% Under 18 | 33.6% | -3.7% |
% Seniors | 8.7% | 20.8% |
% WFH | 6.1% | 165.2% |
% w/ College Degree | 9.2% | 100.0% |
As of the latest ACS Survey released in 2023, Chadsey-Condon, Detroit, MI is a predominantly hispanic area, with 59.3% of the population identifying as hispanic. The hispanic population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Chadsey-Condon, Detroit, MI is white, making up 20.1% of the population. Foreign-born residents account for 27.0% of the population in Chadsey-Condon, Detroit, MI, and this percentage has decreased by 17.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.1% | -22.4% |
% Black | 17.7% | -1.1% |
% Hispanic | 59.3% | 8.8% |
% Asian | 0.1% | ∞% |
% Foreign Born | 27.0% | -17.7% |
Mortgage and Risk — Chadsey-Condon, Detroit, MI
According to HUD data as of 2023, there were 53 mortgage originations in Chadsey-Condon, Detroit, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Chadsey-Condon, Detroit, MI. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 53 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Chadsey-Condon, Detroit, MI
Chadsey-Condon, Detroit, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 185 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | $270 | $900 | $1,170 |
| 3 Bedroom | $440 | $1,000 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Chadsey-Condon, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $67,000 |
| Median Household Income | $38,900 |