Osborn, Detroit, MI—48234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Osborn, Detroit, MI
As of Oct '25, the median home price in Osborn, Detroit, MI is $57,000, with a year-over-year change of -5.0%. This indicates that home prices in Osborn, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $57,000 | -5.0% |
| Single Family | $57,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $45,000 | -8.2% |
3 Bed | $61,000 | -6.2% |
4 Bed | $70,000 | -6.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Osborn, Detroit, MI
As of July '25, Rentcast reports the average rent in Osborn, Detroit, MI is $1,260, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Osborn, Detroit, MI is 1-bedrooms: $850, 2-bedrooms: $1,040, 3-bedrooms: $1,300, 4-bedrooms: $1,410. The most common rental property sizes in Osborn, Detroit, MI are 3-bedroom and 2-bedroom, accounting for 47.6% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,000 | $1,040 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | $1,450 | $1,410 |
% of Rental Stock
Property Listings — Osborn, Detroit, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Osborn, Detroit, MI is 63. This is a increase of 17.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,000 | 7.0% |
Listing Count | 191 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 63 | 17.0% |
Demographics — Osborn, Detroit, MI
As of the latest ACS Survey released in 2023, Osborn, Detroit, MI has a population of 32,400, which has decreased by -5.1% over the past 5 years. Osborn, Detroit, MI is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,400 | -5.1% |
% Under 18 | 25.6% | -0.4% |
% Seniors | 16.4% | 35.5% |
% WFH | 5.0% | 72.4% |
% w/ College Degree | 11.0% | 35.8% |
As of the latest ACS Survey released in 2023, Osborn, Detroit, MI is a predominantly black area, with 94.2% of the population identifying as black. The black population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Osborn, Detroit, MI is white, making up 3.0% of the population. Foreign-born residents account for 2.0% of the population in Osborn, Detroit, MI, and this percentage has increased by 150.0% 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 | 3.0% | -21.1% |
% Black | 94.2% | 0.6% |
% Hispanic | 0.6% | -14.3% |
% Asian | 0.6% | ∞% |
% Foreign Born | 2.0% | 150.0% |
Mortgage and Risk — Osborn, Detroit, MI
According to HUD data as of 2023, there were 150 mortgage originations in Osborn, Detroit, MI, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Osborn, Detroit, MI. Investor activity is low, as 9.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Osborn, Detroit, MI
As of 2024, the percent of homes in Osborn, Detroit, MI under the Section 8 program is 14.7%. 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 Osborn, 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 | 1,088 |
Total Units Section 8 | 898 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $850 | $920 |
| 2 Bedroom | $170 | $1,000 | $1,170 |
| 3 Bedroom | $140 | $1,300 | $1,440 |
| 4 Bedroom | $100 | $1,450 | $1,550 |
Affordability — Osborn, Detroit, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $57,000 |
| Median Household Income | $36,500 |