ZIP comparison · Detroit-Warren-Dearborn, MI
48167 vs 48367
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 | ZIP48367Leonard, MI |
|---|---|---|
| Home value | ||
| Typical home value | $498,681 | Better: $500,899 |
| 1-year appreciation | Better: +5.1% | +5.0% |
| 5-year CAGR | Better: +5.8% | +5.3% |
| 10-year CAGR | +5.4% | Better: +5.9% |
| Rent & investment | ||
| Monthly rent | $1,657 | — |
| Gross yield | 4.0% | — |
| Cap rate | 2.4% | — |
| Property tax | ||
| Effective tax rate | 1.3% | Better: 1.0% |
| Typical annual tax | $6,575 | Better: $4,947 |
| Demographics | ||
| Population | 24,713 | 4,668 |
| Median household income | Better: $124,630 | $110,405 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -3,230 | -3,230 |
| Schools | ||
| Public schools | 5 | 2 |
| Students enrolled | 2,410 | 765 |