Indian Village, Detroit, MI—48214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indian Village, Detroit, MI
As of Oct '25, the median home price in Indian Village, Detroit, MI is $87,000, with a year-over-year change of -11.9%. This indicates that home prices in Indian Village, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $87,000 | -11.9% |
| Single Family | $75,000 | -11.8% |
| Condos | $146,000 | -14.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $61,000 | -6.2% |
2 Bed | $98,000 | -8.4% |
3 Bed | $87,000 | -7.4% |
4 Bed | $177,000 | -4.8% |
| 5 Bed | $450,000 | -1.1% |
% of Housing Stock
Rental Trends — Indian Village, Detroit, MI
As of July '25, Rentcast reports the average rent in Indian Village, Detroit, MI is $1,480, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Indian Village, Detroit, MI is studios: $858, 1-bedrooms: $1,120, 2-bedrooms: $1,350, 3-bedrooms: $1,840, 4-bedrooms: $1,930. The most common rental property sizes in Indian Village, Detroit, MI are 1-bedroom and 2-bedroom, accounting for 42.5% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,480 |
| Studio Rent | $795 | $858 |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,200 | $1,350 |
| 3 Bed Rent | $1,400 | $1,840 |
| 4 Bed Rent | $1,800 | $1,930 |
% of Rental Stock
Property Listings — Indian Village, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Indian Village, Detroit, MI is 59. This is a decrease of -3.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | -12.0% |
Listing Count | 137 | -13.0% |
| Listings as % of Homes | 0.6% | -13.0% |
Days on Market | 59 | -3.0% |
Demographics — Indian Village, Detroit, MI
As of the latest ACS Survey released in 2023, Indian Village, Detroit, MI has a population of 19,000, which has decreased by -9.8% over the past 5 years. Indian Village, Detroit, MI is a less popular place for families, as children make up 14.8% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | -9.8% |
% Under 18 | 14.8% | -18.7% |
% Seniors | 22.4% | 14.9% |
% WFH | 17.2% | 149.3% |
% w/ College Degree | 26.9% | 15.0% |
As of the latest ACS Survey released in 2023, Indian Village, Detroit, MI is a predominantly black area, with 78.9% of the population identifying as black. The black population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Indian Village, Detroit, MI is white, making up 15.8% of the population. Foreign-born residents account for 2.5% of the population in Indian Village, Detroit, MI, and this percentage has increased by 92.3% 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 | 15.8% | 13.7% |
% Black | 78.9% | -4.4% |
% Hispanic | 0.9% | -43.8% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 2.5% | 92.3% |
Mortgage and Risk — Indian Village, Detroit, MI
According to HUD data as of 2023, there were 107 mortgage originations in Indian Village, Detroit, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Indian Village, Detroit, MI. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 107 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Indian Village, Detroit, MI
As of 2024, the percent of homes in Indian Village, Detroit, MI under the Section 8 program is 22.6%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Indian Village, Detroit, MI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,658 |
Total Units Section 8 | 1,222 |
% Rentals under Section 8 | 22.6% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,100 | $920 |
| 2 Bedroom | -$30 | $1,200 | $1,170 |
| 3 Bedroom | $40 | $1,400 | $1,440 |
| 4 Bedroom | -$250 | $1,800 | $1,550 |
Affordability — Indian Village, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $87,000 |
| Median Household Income | $34,800 |