ZIP comparison · Detroit-Warren-Dearborn, MI
48167 vs 48348
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 | ZIP48167Novi, MI | ZIP48348MI |
|---|---|---|
| Home value | ||
| Typical home value | $498,681 | Better: $508,616 |
| 1-year appreciation | Better: +5.1% | +4.2% |
| 5-year CAGR | Better: +5.8% | +5.8% |
| 10-year CAGR | +5.4% | Better: +5.5% |
| Rent & investment | ||
| Monthly rent | $1,657 | — |
| Gross yield | 4.0% | — |
| Cap rate | 2.4% | — |
| Property tax | ||
| Effective tax rate | 1.3% | Better: 1.2% |
| Typical annual tax | $6,575 | Better: $5,862 |
| Demographics | ||
| Population | 24,713 | 24,574 |
| Median household income | $124,630 | Better: $129,410 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -3,230 | -3,230 |
| Schools | ||
| Public schools | 5 | 3 |
| Students enrolled | 2,410 | 1,482 |