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Housing market/Michigan/ZIP 48238

ACS 2023 · FY2027 SAFMR

ZIP 48238 Detroit, Michigan

Detroit-Warren-Livonia, MI HUD Metro FMR Area · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
24,569
Households
10,289
Median HH income
$30,286
Renter share
52.9%
Median gross rent
$950
Vacancy
37.0%
Pop. change
-9.2%
2BR SAFMR
$1,220
SAFMR / rent
1.284×
2–49 unit stock
5,877
LIHTC proj / units
12 / 522
HUD assisted MF
4 / 241

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 48238 · MI — sent to you.

ZIP 48238 · MI

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ACS rent vs 2BR SAFMR

ZIP 48238 — Detroit, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$950
2BR SAFMR$1,220
90% floor$1,098
110% ceiling$1,342

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 48238

  • 1-unit detached8,35451.1%
  • 1-unit attached1,3248.1%
  • 2–4 units4,51027.6%
  • 5–49 units1,3678.4%
  • 50+ units7074.3%
  • Mobile790.5%
TypeUnitsShare
1-unit detached8,35451.1%
1-unit attached1,3248.1%
2 units (duplex)3,96624.3%
3–4 units5443.3%
5–9 units2041.2%
10–19 units6143.8%
20–49 units5493.4%
50+ units7074.3%
Mobile790.5%

2–4 unit share 27.6% · 5–49 unit share 8.4% · combined 2–49 36.0%.

Units by bedrooms

Studio
195
1BR
1,649
2BR
4,621
3BR
7,997
4BR
1,559
5+
320

Rent burden

Rent ≥30% of income51.5%
Rent ≥50% of income36.8%
  • ACS median gross rent $950 (all bedrooms, occupied rentals).
  • Median contract rent $705.
  • Renters paying ≥30% of income 51.5%; ≥50% 36.8%.
  • FY2027 2BR SAFMR $1,220 (1.284× ACS median gross rent).

Population

24,569 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -9.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 12 projects, 522 units.
  • HUD project-based assisted MF: 4 properties, 241 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,114 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 48238 52.9% of occupied households are renters; vacancy is 37.0%; ACS median gross rent is $950; population changed -9.2% between the 2018 and 2023 ACS vintages; the housing stock includes 4,510 units in 2–4-unit structures and 1,367 units in 5–49-unit structures; 12 LIHTC projects totaling 522 units; FY2027 2BR SAFMR is $1,220 versus ACS median gross rent of $950. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Michigan research

ZIP 48238 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48238 — Detroit, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
48001Detroit-Warren-Livonia, MI HUD Metro FMR Area16.4%$921$1,19048002Detroit-Warren-Livonia, MI HUD Metro FMR Area2.7%$783$1,30048003Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$925$1,14048004Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,27048005Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$1,141$1,32048006Detroit-Warren-Livonia, MI HUD Metro FMR Area6.4%$1,077$1,37048009Detroit-Warren-Livonia, MI HUD Metro FMR Area23.8%$1,891$2,19048012Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,63048014Detroit-Warren-Livonia, MI HUD Metro FMR Area13.8%$827$1,02048015Detroit-Warren-Livonia, MI HUD Metro FMR Area42.6%$627$1,06048017Detroit-Warren-Livonia, MI HUD Metro FMR Area26.5%$1,255$1,51048021Detroit-Warren-Livonia, MI HUD Metro FMR Area31.1%$1,335$1,630

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 48238?

ZIP 48238 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 24,569 residents, 10,289 households, a renter share of 52.9%, median household income of $30,286, and ACS 2023 median gross rent of $950. Vacancy is 37.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48238?

ACS counts 3,966 units in 2-unit buildings, 544 in 3–4 unit buildings, 204 in 5–9, 614 in 10–19, and 549 in 20–49. Combined 2–49 unit stock is 5,877 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48238?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,220. See the full schedule and 90–110% payment-standard band on the ZIP 48238 — Detroit, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48238 is Census / HUD research for Detroit-Warren-Livonia, MI HUD Metro FMR Area. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.