โ† All Markets
ZIP Code Market Report ยท Updated May 2026

Is 48201 a Buyer's
or Seller's Market?

๐Ÿ“ Detroit, Michigan ยท MI
52
๐Ÿ”ต COOLING
Buyer has leverage
48 days avg on market ยท Tax rate: 2.13%/yr
$180K
Median Price
48
Days on Market
$1,323
Est. Monthly

Mortgage Breakdown โ€” 48201

Median Price$180,000
20% Down$36,000
Loan Amount$144,000
Rate (~6.7%)$929/mo P&I
Property Tax$319/mo
Total PITI$1,323/mo
Income Needed$44,100/yr
๐Ÿฆ Ask Zai About This Market ๐Ÿ“Š Full Calculator ๐Ÿ” Decode Denial

Nearby ZIP Codes

66101
Kansas City, KS
๐ŸŸก WARM ยท 65/100
80201
Denver, CO
๐Ÿ”ต COOLING ยท 61/100
70112
New Orleans, LA
๐Ÿ”ต COOLING ยท 60/100
27601
Raleigh, NC
๐ŸŸก WARM ยท 77/100
63101
St. Louis, MO
๐ŸŸก WARM ยท 65/100
82001
Cheyenne, WY
๐Ÿ”ต COOLING ยท 64/100
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
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The other half of the answer

Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.

30.7%
of FHA applications denied in Detroit-Dearborn-Livonia, MI, 2025 · national 22.1%
United Wholesale Mortgage
24.6%
ROCKET MORTGAGE
31.5%
Flagstar Bank NA
36.5%
loanDepot.com LLC
58.4%
AMERISAVE MORTGAGE COMPANY
81.6%

A 57.0-point spread between the busiest FHA lenders in this metro.

Loans under $150K denied at 39.2% versus 23.7% above $250K.

This market's lenders → Which lenders approve most → Apply to more than one? →

CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.

The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.