Winter Halter, Detroit, MI—48238
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winter Halter, Detroit, MI
As of Oct '25, the median home price in Winter Halter, Detroit, MI is $55,000, with a year-over-year change of -6.8%. This indicates that home prices in Winter Halter, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $55,000 | -6.8% |
| Single Family | $55,000 | -6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $48,000 | -2.0% |
3 Bed | $59,000 | -7.8% |
4 Bed | $72,000 | -10.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Winter Halter, Detroit, MI
As of July '25, Rentcast reports the average rent in Winter Halter, Detroit, MI is $1,060, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Winter Halter, Detroit, MI is studios: $925, 1-bedrooms: $829, 2-bedrooms: $988, 3-bedrooms: $1,220, 4-bedrooms: $1,320. The most common rental property sizes in Winter Halter, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 39.5% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,060 |
| Studio Rent | $850 | $925 |
| 1 Bed Rent | $850 | $829 |
| 2 Bed Rent | $960 | $988 |
| 3 Bed Rent | $1,200 | $1,220 |
| 4 Bed Rent | $1,300 | $1,320 |
% of Rental Stock
Property Listings — Winter Halter, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Winter Halter, Detroit, MI is 62. This is a increase of 6.0% 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 | $80,000 | 13.0% |
Listing Count | 176 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 62 | 6.0% |
Demographics — Winter Halter, Detroit, MI
As of the latest ACS Survey released in 2023, Winter Halter, Detroit, MI has a population of 24,600, which has decreased by -9.2% over the past 5 years. Winter Halter, Detroit, MI is a popular place for families, as children make up 26.9% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -9.2% |
% Under 18 | 26.9% | 12.6% |
% Seniors | 15.4% | 5.5% |
% WFH | 12.4% | 143.1% |
% w/ College Degree | 12.7% | 46.0% |
As of the latest ACS Survey released in 2023, Winter Halter, Detroit, MI is a predominantly black area, with 93.7% of the population identifying as black. The black population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Winter Halter, Detroit, MI is white, making up 1.3% of the population. Foreign-born residents account for 0.6% of the population in Winter Halter, Detroit, MI, and this percentage has decreased by 53.8% 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 | 1.3% | -27.8% |
% Black | 93.7% | -2.5% |
% Hispanic | 0.6% | -14.3% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.6% | -53.8% |
Mortgage and Risk — Winter Halter, Detroit, MI
According to HUD data as of 2023, there were 174 mortgage originations in Winter Halter, Detroit, MI, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Winter Halter, Detroit, MI. Investor activity is low, as 10.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Winter Halter, Detroit, MI
As of 2024, the percent of homes in Winter Halter, Detroit, MI under the Section 8 program is 17.2%. 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 Winter Halter, 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 | 1,075 |
Total Units Section 8 | 975 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $850 | $920 |
| 2 Bedroom | $210 | $960 | $1,170 |
| 3 Bedroom | $240 | $1,200 | $1,440 |
| 4 Bedroom | $250 | $1,300 | $1,550 |
Affordability — Winter Halter, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $55,000 |
| Median Household Income | $30,300 |