ZIP comparison · Detroit-Warren-Dearborn, MI
48005 vs 48377
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.
| Metric | ZIP48005Armada, MI | ZIP48377Novi, MI |
|---|---|---|
| Home value | ||
| Typical home value | $381,598 | Better: $383,101 |
| 1-year appreciation | Better: +4.5% | +2.8% |
| 5-year CAGR | Better: +5.4% | +4.1% |
| 10-year CAGR | Better: +6.4% | +4.2% |
| Rent & investment | ||
| Monthly rent | — | $1,856 |
| Gross yield | — | 5.8% |
| Cap rate | — | 3.5% |
| Property tax | ||
| Effective tax rate | Better: 1.1% | 1.2% |
| Typical annual tax | Better: $4,041 | $4,551 |
| Demographics | ||
| Population | 5,325 | 19,816 |
| Median household income | Better: $105,734 | $83,104 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | Better: -418 | -3,230 |
| Schools | ||
| Public schools | 4 | 2 |
| Students enrolled | 1,688 | 1,097 |