Osborn, Detroit, MI 48234 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Osborn, Detroit, MI—48234

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$55,000

5.4% YoY Growth

Household Income

$36,500

30.5% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,250

5.9% YoY Growth

1-Bed Rent

$850

N/A

2-Bed Rent

$1,000

0.0% YoY Growth

3-Bed Rent

$1,300

7.4% YoY Growth

Home Price Trends — Osborn, Detroit, MI

As of Nov '25, the median home price in Osborn, Detroit, MI is $55,000, with a year-over-year change of -5.4%. This indicates that home prices in Osborn, Detroit, MI are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$55,000	-5.4%
Single Family	$55,000	-5.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.6%

1 Bedroom

19.6%

2 Bedrooms

22.5%

3 Bedrooms

47.6%

4 Bedrooms

5.6%

5+ Bedrooms

2.0%

Property Listings — Osborn, Detroit, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Osborn, Detroit, MI is 72. This is a increase of 31.0% 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 16.0%, 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	175	14.0%
Listings as % of Homes	0.7%	14.0%
Days on Market	72	31.0%

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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%

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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%

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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%

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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

Osborn, Detroit, MI—48234

Key Metrics at a Glance

Home Price Trends — Osborn, Detroit, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Osborn, Detroit, MI

% of Rental Stock

Property Listings — Osborn, Detroit, MI

Demographics — Osborn, Detroit, MI

Race and Ethnicity

Mortgage and Risk — Osborn, Detroit, MI

Mortgages

Rentals and Section 8 — Osborn, Detroit, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Osborn, Detroit, MI

Home Price to Income Ratio

Osborn, Detroit, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hamtramck, MI

Warren, MI

Poletown East, Detroit, MI

Center Line, MI

Conner Creek, Detroit, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$55,000
Median Household Income	$36,500

Osborn, Detroit, MI—48234

Key Metrics at a Glance

Home Price Trends — Osborn, Detroit, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Osborn, Detroit, MI

% of Rental Stock

Property Listings — Osborn, Detroit, MI

Demographics — Osborn, Detroit, MI

Race and Ethnicity

Mortgage and Risk — Osborn, Detroit, MI

Mortgages

Rentals and Section 8 — Osborn, Detroit, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Osborn, Detroit, MI

Home Price to Income Ratio

Osborn, Detroit, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hamtramck, MI

Warren, MI

Poletown East, Detroit, MI

Center Line, MI

Conner Creek, Detroit, MI

Frequently Asked Questions

What is the average home price in Osborn, Detroit, MI 48234?

How have home prices in Osborn, Detroit, MI 48234 changed over the past year?

What is the home price projection for Osborn, Detroit, MI 48234?

What are the demographics of Osborn, Detroit, MI 48234?

How long does it take homes to sell in Osborn, Detroit, MI 48234?

What is the average rent price in Osborn, Detroit, MI 48234?