University District, Detroit, MI—48221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University District, Detroit, MI
As of Oct '25, the median home price in University District, Detroit, MI is $134,000, with a year-over-year change of -0.8%. This indicates that home prices in University District, Detroit, MI are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $134,000 | -0.8% |
| Single Family | $134,000 | -1.5% |
| Condos | $74,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $83,000 | 0.0% |
3 Bed | $135,000 | 0.0% |
4 Bed | $254,000 | 5.8% |
| 5 Bed | $349,000 | 4.8% |
% of Housing Stock
Rental Trends — University District, Detroit, MI
As of July '25, Rentcast reports the average rent in University District, Detroit, MI is $1,370, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in University District, Detroit, MI is studios: $1,320, 1-bedrooms: $946, 2-bedrooms: $1,140, 3-bedrooms: $1,560, 4-bedrooms: $1,590. The most common rental property sizes in University District, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 43.6% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,370 |
| Studio Rent | $1,250 | $1,320 |
| 1 Bed Rent | $950 | $946 |
| 2 Bed Rent | $1,100 | $1,140 |
| 3 Bed Rent | $1,400 | $1,560 |
| 4 Bed Rent | $1,600 | $1,590 |
% of Rental Stock
Property Listings — University District, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in University District, Detroit, MI is 51. This is a increase of 19.0% 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 | $193,000 | 4.0% |
Listing Count | 293 | 17.0% |
| Listings as % of Homes | 0.7% | 17.0% |
Days on Market | 51 | 19.0% |
Demographics — University District, Detroit, MI
As of the latest ACS Survey released in 2023, University District, Detroit, MI has a population of 41,800, which has remained stable by -0.2% over the past 5 years. University District, Detroit, MI is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,800 | -0.2% |
% Under 18 | 24.4% | 13.5% |
% Seniors | 17.7% | 0.6% |
% WFH | 15.8% | 295.0% |
% w/ College Degree | 29.3% | 15.4% |
As of the latest ACS Survey released in 2023, University District, Detroit, MI is a predominantly black area, with 85.5% of the population identifying as black. The black population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in University District, Detroit, MI is white, making up 7.9% of the population. Foreign-born residents account for 1.6% of the population in University District, Detroit, MI, and this percentage has decreased by 20.0% 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 | 7.9% | 43.6% |
% Black | 85.5% | -5.2% |
% Hispanic | 0.6% | -25.0% |
% Asian | 1.4% | 75.0% |
% Foreign Born | 1.6% | -20.0% |
Mortgage and Risk — University District, Detroit, MI
According to HUD data as of 2023, there were 665 mortgage originations in University District, Detroit, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in University District, Detroit, MI. Investor activity is low, as 3.0% 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 | 665 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — University District, Detroit, MI
As of 2024, the percent of homes in University District, Detroit, MI under the Section 8 program is 12.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In University District, 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 | 790 |
Total Units Section 8 | 647 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 86.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $950 | $980 |
| 2 Bedroom | $140 | $1,100 | $1,240 |
| 3 Bedroom | $120 | $1,400 | $1,520 |
| 4 Bedroom | $40 | $1,600 | $1,640 |
Affordability — University District, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $134,000 |
| Median Household Income | $55,600 |