ZIP comparison · Detroit-Warren-Dearborn, MI
48224 vs 48229
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 | ZIP48224Detroit, MI | ZIP48229Ecorse, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $82,764 | $82,076 |
| 1-year appreciation | -4.8% | Better: +0.3% |
| 5-year CAGR | +2.9% | Better: +6.6% |
| 10-year CAGR | +9.1% | Better: +11.3% |
| Rent & investment | ||
| Monthly rent | $1,313 | — |
| Gross yield | 19.0% | — |
| Cap rate | 11.4% | — |
| Property tax | ||
| Effective tax rate | Better: 1.6% | 2.0% |
| Typical annual tax | Better: $1,299 | $1,681 |
| Demographics | ||
| Population | 39,668 | 9,061 |
| Median household income | Better: $44,856 | $40,264 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,559 | -4,559 |
| Schools | ||
| Public schools | 7 | 6 |
| Students enrolled | 3,001 | 1,146 |