ZIP comparison · Detroit-Warren-Dearborn, MI
48122 vs 48221
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 | ZIP48122Melvindale, MI | ZIP48221Detroit, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $141,352 | $135,591 |
| 1-year appreciation | Better: +1.6% | -5.6% |
| 5-year CAGR | Better: +5.5% | +0.9% |
| 10-year CAGR | +10.4% | Better: +11.1% |
| Rent & investment | ||
| Monthly rent | Better: $1,084 | $1,372 |
| Gross yield | 9.2% | Better: 12.1% |
| Cap rate | 5.5% | Better: 7.3% |
| Property tax | ||
| Effective tax rate | 1.9% | Better: 1.4% |
| Typical annual tax | $2,668 | Better: $1,902 |
| Demographics | ||
| Population | 12,554 | 41,392 |
| Median household income | $42,185 | Better: $57,878 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,559 | -4,559 |
| Schools | ||
| Public schools | 3 | 9 |
| Students enrolled | 1,795 | 4,611 |