ZIP comparison · Detroit-Warren-Dearborn, MI
48209 vs 48223
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 | ZIP48209Detroit, MI | ZIP48223Detroit, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $89,818 | $88,710 |
| 1-year appreciation | -0.4% | Better: +1.5% |
| 5-year CAGR | -1.7% | Better: +1.3% |
| 10-year CAGR | +8.4% | Better: +9.0% |
| Rent & investment | ||
| Monthly rent | Better: $1,004 | $1,215 |
| Gross yield | 13.4% | Better: 16.4% |
| Cap rate | 8.0% | Better: 9.9% |
| Property tax | ||
| Effective tax rate | Better: 1.3% | 1.7% |
| Typical annual tax | Better: $1,156 | $1,479 |
| Demographics | ||
| Population | 27,184 | 22,622 |
| Median household income | $43,161 | Better: $44,512 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,559 | -4,559 |
| Schools | ||
| Public schools | 12 | 5 |
| Students enrolled | 7,031 | 2,154 |