ZIP comparison · Detroit-Warren-Dearborn, MI
48047 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.
| Metric | ZIP48047New Baltimore, MI | ZIP48063Richmond, MI |
|---|---|---|
| Home value | ||
| Typical home value | $344,120 | Better: $347,088 |
| 1-year appreciation | Better: +4.8% | -1.3% |
| 5-year CAGR | Better: +5.7% | +3.3% |
| 10-year CAGR | Better: +6.2% | +5.4% |
| Rent & investment | ||
| Monthly rent | $1,854 | — |
| Gross yield | 6.5% | — |
| Cap rate | 3.9% | — |
| Property tax | ||
| Effective tax rate | 1.2% | Better: 0.9% |
| Typical annual tax | $4,036 | Better: $3,044 |
| Demographics | ||
| Population | 40,302 | 4,206 |
| Median household income | Better: $94,890 | $93,844 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Moderate |
| Net migration | -418 | Better: +29 |
| Schools | ||
| Public schools | 9 | — |
| Students enrolled | 3,705 | — |