Mackenzie, Detroit, MI—48227
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mackenzie, Detroit, MI
As of Oct '25, the median home price in Mackenzie, Detroit, MI is $69,000, with a year-over-year change of 5.1%. This indicates that home prices in Mackenzie, Detroit, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $69,000 | 5.1% |
| Single Family | $69,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $53,000 | 8.2% |
3 Bed | $75,000 | 4.2% |
4 Bed | $92,000 | 7.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mackenzie, Detroit, MI
As of July '25, Rentcast reports the average rent in Mackenzie, Detroit, MI is $1,250, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Mackenzie, Detroit, MI is studios: $650, 1-bedrooms: $759, 2-bedrooms: $1,040, 3-bedrooms: $1,430, 4-bedrooms: $1,590. The most common rental property sizes in Mackenzie, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 38.7% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,250 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $725 | $759 |
| 2 Bed Rent | $1,050 | $1,040 |
| 3 Bed Rent | $1,350 | $1,430 |
| 4 Bed Rent | $1,550 | $1,590 |
% of Rental Stock
Property Listings — Mackenzie, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mackenzie, Detroit, MI is 60. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $97,000 | 17.0% |
Listing Count | 279 | -9.0% |
| Listings as % of Homes | 0.8% | -9.0% |
Days on Market | 60 | 0.0% |
Demographics — Mackenzie, Detroit, MI
As of the latest ACS Survey released in 2023, Mackenzie, Detroit, MI has a population of 39,500, which has decreased by -5.5% over the past 5 years. Mackenzie, Detroit, MI is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,500 | -5.5% |
% Under 18 | 24.6% | -9.9% |
% Seniors | 16.6% | 16.9% |
% WFH | 9.3% | 151.4% |
% w/ College Degree | 11.9% | 8.2% |
As of the latest ACS Survey released in 2023, Mackenzie, Detroit, MI is a predominantly black area, with 95.3% 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 Mackenzie, Detroit, MI is white, making up 1.5% of the population. Foreign-born residents account for 1.1% of the population in Mackenzie, Detroit, MI, and this percentage has increased by 22.2% 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 | 1.5% | -6.2% |
% Black | 95.3% | -0.5% |
% Hispanic | 0.6% | 20.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | 22.2% |
Mortgage and Risk — Mackenzie, Detroit, MI
According to HUD data as of 2023, there were 281 mortgage originations in Mackenzie, Detroit, MI, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Mackenzie, Detroit, MI. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 281 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Mackenzie, Detroit, MI
As of 2024, the percent of homes in Mackenzie, Detroit, MI under the Section 8 program is 15.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mackenzie, Detroit, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,104 |
Total Units Section 8 | 1,031 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $725 | $920 |
| 2 Bedroom | $120 | $1,050 | $1,170 |
| 3 Bedroom | $90 | $1,350 | $1,440 |
| 4 Bedroom | $0 | $1,550 | $1,550 |
Affordability — Mackenzie, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $69,000 |
| Median Household Income | $36,200 |