ZIP comparison · Detroit-Warren-Dearborn, MI
48188 vs 48375
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 | ZIP48188MI | ZIP48375Novi, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $412,676 | $408,560 |
| 1-year appreciation | +1.8% | Better: +3.5% |
| 5-year CAGR | Better: +5.4% | +5.4% |
| 10-year CAGR | Better: +5.3% | +5.2% |
| Rent & investment | ||
| Monthly rent | $1,841 | Better: $1,632 |
| Gross yield | Better: 5.4% | 4.8% |
| Cap rate | Better: 3.2% | 2.9% |
| Property tax | ||
| Effective tax rate | 1.4% | Better: 1.4% |
| Typical annual tax | $5,658 | Better: $5,532 |
| Demographics | ||
| Population | 45,665 | 24,029 |
| Median household income | Better: $122,781 | $112,545 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,559 | Better: -3,230 |
| Schools | ||
| Public schools | 6 | 5 |
| Students enrolled | 3,169 | 3,067 |