Redford (48240) has an estimated 17,722 residents with 17,450 of those people in approximately 6,917 housing units. The 48240 zipcode contains 4,260 housing units that are owned with a mortgage or a loan, 1,329 housing units that are owned free and clear and 1,328 housing units that are renter occupied.

In Redford (48240) the median listing price of $89,900 has declined by $2,000 since 2018-10.

In 2018 the average percentage drop was 3.65% of original listing price.

Zip code 48240 is in the Detroit-Warren-Dearborn metropolitan area.
The median estimated home value in Redford, MI (48240) is $83,700 as of 2018-10-31 . Home values here have declined by 0.97%.

In Redford, MI (48240), values have declined by -0.32 from when they peaked at $122,500 in 2004-Q4

The Zillow Market Health Index for Redford, MI (48240) is 2.69. The corresponding state value is 6.27. This is significantly lower than the overall Market Health Index of Michigan.
Metro value is 4.41.
This is significantly lower than the overall Market Health Index of Detroit-Warren-Dearborn.