Jefferson Chalmers, Detroit, MI—48215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jefferson Chalmers, Detroit, MI
As of Oct '25, the median home price in Jefferson Chalmers, Detroit, MI is $95,000, with a year-over-year change of 0.9%. This indicates that home prices in Jefferson Chalmers, Detroit, MI are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $95,000 | 0.9% |
| Single Family | $88,000 | -2.2% |
| Condos | $204,000 | 13.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $109,000 | 1.9% |
3 Bed | $111,000 | -0.9% |
4 Bed | $157,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jefferson Chalmers, Detroit, MI
As of July '25, Rentcast reports the average rent in Jefferson Chalmers, Detroit, MI is $1,280, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Jefferson Chalmers, Detroit, MI is studios: $600, 1-bedrooms: $1,100, 2-bedrooms: $1,140, 3-bedrooms: $1,320, 4-bedrooms: $1,550. The most common rental property sizes in Jefferson Chalmers, Detroit, MI are 2-bedroom and 3-bedroom, accounting for 33.8% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,280 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $895 | $1,100 |
| 2 Bed Rent | $1,100 | $1,140 |
| 3 Bed Rent | $1,300 | $1,320 |
| 4 Bed Rent | $1,300 | $1,550 |
% of Rental Stock
Property Listings — Jefferson Chalmers, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Jefferson Chalmers, Detroit, MI is 46. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $175,000 | 7.0% |
Listing Count | 51 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 46 | 11.0% |
Demographics — Jefferson Chalmers, Detroit, MI
As of the latest ACS Survey released in 2023, Jefferson Chalmers, Detroit, MI has a population of 10,200, which has decreased by -14.5% over the past 5 years. Jefferson Chalmers, Detroit, MI is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -14.5% |
% Under 18 | 28.0% | 5.3% |
% Seniors | 16.7% | 12.8% |
% WFH | 13.8% | 170.6% |
% w/ College Degree | 19.4% | 32.9% |
As of the latest ACS Survey released in 2023, Jefferson Chalmers, Detroit, MI is a predominantly black area, with 87.9% of the population identifying as black. The black population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Jefferson Chalmers, Detroit, MI is white, making up 8.9% of the population. Foreign-born residents account for 0.7% of the population in Jefferson Chalmers, Detroit, MI, and this percentage has decreased by 22.2% 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 | 8.9% | 23.6% |
% Black | 87.9% | -2.0% |
% Hispanic | 2.0% | 42.9% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.7% | -22.2% |
Mortgage and Risk — Jefferson Chalmers, Detroit, MI
According to HUD data as of 2023, there were 92 mortgage originations in Jefferson Chalmers, Detroit, MI, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Jefferson Chalmers, Detroit, MI. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Jefferson Chalmers, Detroit, MI
As of 2024, the percent of homes in Jefferson Chalmers, Detroit, MI under the Section 8 program is 26.4%. 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 Jefferson Chalmers, Detroit, 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 | 702 |
Total Units Section 8 | 607 |
% Rentals under Section 8 | 26.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $895 | $930 |
| 2 Bedroom | $80 | $1,100 | $1,180 |
| 3 Bedroom | $150 | $1,300 | $1,450 |
| 4 Bedroom | $260 | $1,300 | $1,560 |
Affordability — Jefferson Chalmers, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $95,000 |
| Median Household Income | $33,700 |