ZIP comparison · Detroit-Warren-Dearborn, MI
48214 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 | ZIP48214Detroit, MI | ZIP48223Detroit, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $89,148 | $88,710 |
| 1-year appreciation | -17.3% | Better: +1.5% |
| 5-year CAGR | -8.0% | Better: +1.3% |
| 10-year CAGR | +2.3% | Better: +9.0% |
| Rent & investment | ||
| Monthly rent | $1,303 | Better: $1,215 |
| Gross yield | Better: 17.5% | 16.4% |
| Cap rate | Better: 10.5% | 9.9% |
| Property tax | ||
| Effective tax rate | Better: 1.1% | 1.7% |
| Typical annual tax | Better: $968 | $1,479 |
| Demographics | ||
| Population | 18,595 | 22,622 |
| Median household income | $33,544 | Better: $44,512 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,559 | -4,559 |
| Schools | ||
| Public schools | 11 | 5 |
| Students enrolled | 3,596 | 2,154 |