Rosedale Park, Detroit, MI—48223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rosedale Park, Detroit, MI
As of Oct '25, the median home price in Rosedale Park, Detroit, MI is $87,000, with a year-over-year change of -0.2%. This indicates that home prices in Rosedale Park, Detroit, MI are flat. According to Zillow, the 1-year price projection is 0.7%, 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 | -0.2% |
| Single Family | $87,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $58,000 | -4.9% |
3 Bed | $101,000 | 1.0% |
4 Bed | $182,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rosedale Park, Detroit, MI
As of July '25, Rentcast reports the average rent in Rosedale Park, Detroit, MI is $914, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Rosedale Park, Detroit, MI is studios: $600, 1-bedrooms: $821, 2-bedrooms: $944, 3-bedrooms: $1,240, 4-bedrooms: $1,500. The most common rental property sizes in Rosedale Park, Detroit, MI are 2-bedroom and 3-bedroom, accounting for 34.9% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $914 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $795 | $821 |
| 2 Bed Rent | $985 | $944 |
| 3 Bed Rent | $1,250 | $1,240 |
| 4 Bed Rent | $1,480 | $1,500 |
% of Rental Stock
Property Listings — Rosedale Park, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Rosedale Park, Detroit, MI is 45. This is a increase of 41.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,900 | -8.0% |
Listing Count | 113 | 22.0% |
| Listings as % of Homes | 0.7% | 22.0% |
Days on Market | 45 | 41.0% |
Demographics — Rosedale Park, Detroit, MI
As of the latest ACS Survey released in 2023, Rosedale Park, Detroit, MI has a population of 24,300, which has decreased by -1.5% over the past 5 years. Rosedale Park, Detroit, MI is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | -1.5% |
% Under 18 | 26.3% | 3.1% |
% Seniors | 14.1% | -0.7% |
% WFH | 11.9% | 260.6% |
% w/ College Degree | 18.9% | -9.1% |
As of the latest ACS Survey released in 2023, Rosedale Park, Detroit, MI is a predominantly black area, with 87.0% of the population identifying as black. The black population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Rosedale Park, Detroit, MI is white, making up 6.6% of the population. Foreign-born residents account for 0.8% of the population in Rosedale Park, Detroit, MI, and this percentage has decreased by 55.6% 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 | 6.6% | -21.4% |
% Black | 87.0% | -0.5% |
% Hispanic | 2.5% | 78.6% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 0.8% | -55.6% |
Mortgage and Risk — Rosedale Park, Detroit, MI
According to HUD data as of 2023, there were 229 mortgage originations in Rosedale Park, Detroit, MI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Rosedale Park, Detroit, MI. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Rosedale Park, Detroit, MI
As of 2024, the percent of homes in Rosedale Park, Detroit, MI under the Section 8 program is 11.8%. 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 Rosedale Park, 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 | 649 |
Total Units Section 8 | 485 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $795 | $970 |
| 2 Bedroom | $245 | $985 | $1,230 |
| 3 Bedroom | $260 | $1,250 | $1,510 |
| 4 Bedroom | $150 | $1,480 | $1,630 |
Affordability — Rosedale Park, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $87,000 |
| Median Household Income | $42,300 |