ZIP comparison · Detroit-Warren-Dearborn, MI

48002 vs 48063

Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.

MetricZIP48002MIZIP48063Richmond, MI
Home value
Typical home valueBetter: $351,628$347,088
1-year appreciationBetter: +5.2%-1.3%
5-year CAGRBetter: +4.4%+3.3%
10-year CAGRBetter: +6.9%+5.4%
Rent & investment
Monthly rent
Gross yield
Cap rate
Property tax
Effective tax rate0.9%Better: 0.9%
Typical annual tax$3,263Better: $3,044
Demographics
Population3,1204,206
Median household incomeBetter: $93,948$93,844
Climate & migration
Overall risk (FEMA NRI)Relatively ModerateRelatively Moderate
Net migration+29+29
Schools
Public schools
Students enrolled