48238 — Detroit, MI Home Values
Typical home value $55,345 as of June 2026 · 213th of 217 in Detroit-Warren-Dearborn, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48238, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48238 compares in the Detroit-Warren-Dearborn, MI area
ZIP code 48238 (Detroit, MI) has a typical home value of $55,345 as of June 2026, ranking 213th of 217 ZIP codes tracked in the Detroit-Warren-Dearborn, MI area, more expensive than about 2% of ZIP codes in the metro. Prices here have moved -7.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -0.4%, from $55,576 in June 2021 to $55,345 in June 2026. Against observed rent, the typical home here sells for 3.9× the annual rent ($1,194/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Detroit.
Population and demographics
ZIP code 48238 has a population of 24,569, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 93.1% Black or African American, 3.4% two or more races, 1.8% White, 0.8% Hispanic or Latino, 0.7% another race, and 0.2% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Joy Preparatory Academy | 15055 DEXTER AVE, DETROIT, MI | 0.4 mi |
| Thurgood Marshall Elementary School | 15531 LINWOOD ST, DETROIT, MI | 1 mi |
| Flagship Charter Academy | 13661 WISCONSIN ST, DETROIT, MI | 1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48238?
$55,345 as of June 2026, the latest month Zillow has published observed data for.
Is 48238 an expensive ZIP code in the Detroit-Warren-Dearborn, MI area?
48238 ranks 213th of 217 ZIP codes in the Detroit-Warren-Dearborn, MI area by typical home value, more expensive than about 2% of ZIP codes in the metro.
How much have home values in 48238 changed over the past year?
-7.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48238?
The typical home price is 3.9× the observed annual rent in this ZIP code ($1,194/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48238?
24,569, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48238?
Joy Preparatory Academy (0.4 mi), Thurgood Marshall Elementary School (1 mi), Flagship Charter Academy (1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48238?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Detroit-Warren-Dearborn, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.