Redford, MI 48239 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Redford, MI—48239

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

2.8% YoY Growth

Household Income

$69,400

26.0% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,500

9.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,300

8.1% YoY Growth

3-Bed Rent

$1,600

9.9% YoY Growth

Other Zip Codes in Redford, MI

48240

Home Price Trends — Redford, MI

As of Nov '25, the median home price in Redford, MI is $173,000, with a year-over-year change of 2.8%. This indicates that home prices in Redford, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$173,000	2.8%
Single Family	$174,000	3.0%
Condos	$101,000	-5.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Redford, MI

As of July '25, Rentcast reports the average rent in Redford, MI is $1,690, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Redford, MI is 2-bedrooms: $1,330, 3-bedrooms: $1,780, 4-bedrooms: $2,020. The most common rental property sizes in Redford, MI are 3-bedroom and 2-bedroom, accounting for 60.0% and 19.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,690
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,300	$1,330
3 Bed Rent	$1,600	$1,780
4 Bed Rent	$1,450	$2,020

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% of Rental Stock

1 Bedroom

16.3%

2 Bedrooms

19.3%

3 Bedrooms

60.0%

4 Bedrooms

2.4%

5+ Bedrooms

2.0%

Property Listings — Redford, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Redford, MI is 46. 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$179,000	2.0%
Listing Count	134	20.0%
Listings as % of Homes	0.5%	20.0%
Days on Market	46	31.0%

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Demographics — Redford, MI

As of the latest ACS Survey released in 2023, Redford, MI has a population of 37,000, which has increased by 3.2% over the past 5 years. Redford, MI is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,000	3.2%
% Under 18	22.8%	-8.4%
% Seniors	13.4%	9.8%
% WFH	11.4%	375.0%
% w/ College Degree	22.7%	3.2%

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As of the latest ACS Survey released in 2023, Redford, MI is a predominantly black area, with 58.3% of the population identifying as black. The black population has grown by 23.0% in the last 5 years. The second most common race or ethnicity in Redford, MI is white, making up 34.3% of the population. Foreign-born residents account for 2.5% of the population in Redford, MI, and this percentage has decreased by 35.9% 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	34.3%	-25.8%
% Black	58.3%	23.0%
% Hispanic	4.4%	18.9%
% Asian	0.5%	0.0%
% Foreign Born	2.5%	-35.9%

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Mortgage and Risk — Redford, MI

According to HUD data as of 2023, there were 802 mortgage originations in Redford, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Redford, MI. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	802
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	20.0%

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Rentals and Section 8 — Redford, MI

Redford, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	415
Total Units Section 8	375
% Rentals under Section 8	12.4%
% Occupied Section 8	87.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,290
2 Bedroom	$330	$1,300	$1,630
3 Bedroom	$400	$1,600	$2,000
4 Bedroom	$710	$1,450	$2,160

Redford, MI—48239

Key Metrics at a Glance

Other Zip Codes in Redford, MI

Home Price Trends — Redford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redford, MI

% of Rental Stock

Property Listings — Redford, MI

Demographics — Redford, MI

Race and Ethnicity

Mortgage and Risk — Redford, MI

Mortgages

Rentals and Section 8 — Redford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Redford, MI

Home Price to Income Ratio

Redford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Dearborn Heights, MI

Rosedale Park, Detroit, MI

Redford, MI

Old Redford, Detroit, MI

Dearborn, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$173,000
Median Household Income	$69,400

Redford, MI—48239

Key Metrics at a Glance

Other Zip Codes in Redford, MI

Home Price Trends — Redford, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Redford, MI

% of Rental Stock

Property Listings — Redford, MI

Demographics — Redford, MI

Race and Ethnicity

Mortgage and Risk — Redford, MI

Mortgages

Rentals and Section 8 — Redford, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Redford, MI

Home Price to Income Ratio

Redford, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Dearborn Heights, MI

Rosedale Park, Detroit, MI

Redford, MI

Old Redford, Detroit, MI

Dearborn, MI

Frequently Asked Questions

What is the average home price in Redford, MI 48239?

How have home prices in Redford, MI 48239 changed over the past year?

What is the home price projection for Redford, MI 48239?

What are the demographics of Redford, MI 48239?

How long does it take homes to sell in Redford, MI 48239?

What is the average rent price in Redford, MI 48239?