ZIP Code 48201

In Detroit's 48201, a median home value of $412,600 meets an effective county property tax rate of 1.63%, yielding an annual bill that would strain most local budgets. Median household income sits at just $24,749, while per-capita income reaches $35,003 — figures far below what such home values usually accompany. The gap between earnings and housing costs is stark, and a 6.00% combined sales tax adds further pressure on everyday spending. Ownership here demands either substantial outside resources or long tenure, since ordinary wages in this ZIP cannot readily absorb both a mortgage and the property taxes tied to it.