Morningside, Detroit, MI—48224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morningside, Detroit, MI
As of Oct '25, the median home price in Morningside, Detroit, MI is $82,000, with a year-over-year change of 2.2%. This indicates that home prices in Morningside, Detroit, MI are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $82,000 | 2.2% |
| Single Family | $82,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | -1.6% |
3 Bed | $86,000 | 2.4% |
4 Bed | $113,000 | 2.7% |
| 5 Bed | $128,000 | 10.3% |
% of Housing Stock
Rental Trends — Morningside, Detroit, MI
As of July '25, Rentcast reports the average rent in Morningside, Detroit, MI is $1,210, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Morningside, Detroit, MI is studios: $1,020, 1-bedrooms: $898, 2-bedrooms: $1,090, 3-bedrooms: $1,300, 4-bedrooms: $1,400. The most common rental property sizes in Morningside, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 57.2% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,210 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $875 | $898 |
| 2 Bed Rent | $1,100 | $1,090 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | $1,380 | $1,400 |
% of Rental Stock
Property Listings — Morningside, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Morningside, Detroit, MI is 54. This is a increase of 3.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $97,200 | 3.0% |
Listing Count | 426 | 12.0% |
| Listings as % of Homes | 1.4% | 12.0% |
Days on Market | 54 | 3.0% |
Demographics — Morningside, Detroit, MI
As of the latest ACS Survey released in 2023, Morningside, Detroit, MI has a population of 38,800, which has decreased by -7.6% over the past 5 years. Morningside, Detroit, MI is a popular place for families, as children make up 30.5% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | -7.6% |
% Under 18 | 30.5% | 2.3% |
% Seniors | 11.0% | 18.3% |
% WFH | 9.4% | 147.4% |
% w/ College Degree | 14.5% | 22.9% |
As of the latest ACS Survey released in 2023, Morningside, Detroit, MI is a predominantly black area, with 88.6% of the population identifying as black. The black population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Morningside, Detroit, MI is white, making up 7.8% of the population. Foreign-born residents account for 1.2% of the population in Morningside, Detroit, MI, and this percentage has increased by 71.4% 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 | 7.8% | 4.0% |
% Black | 88.6% | -1.4% |
% Hispanic | 1.0% | 66.7% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 1.2% | 71.4% |
Mortgage and Risk — Morningside, Detroit, MI
According to HUD data as of 2023, there were 443 mortgage originations in Morningside, Detroit, MI, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Morningside, Detroit, MI. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 443 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Morningside, Detroit, MI
As of 2024, the percent of homes in Morningside, Detroit, MI under the Section 8 program is 18.2%. 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 Morningside, 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 | 1,164 |
Total Units Section 8 | 1,164 |
% Rentals under Section 8 | 18.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $875 | $1,010 |
| 2 Bedroom | $180 | $1,100 | $1,280 |
| 3 Bedroom | $270 | $1,300 | $1,570 |
| 4 Bedroom | $320 | $1,380 | $1,700 |
Affordability — Morningside, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $82,000 |
| Median Household Income | $43,000 |