ZIP comparison · Detroit-Warren-Dearborn, MI
48237 vs 48464
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 | ZIP48237Oak Park, MI | ZIP48464Otter Lake, MI |
|---|---|---|
| Home value | ||
| Typical home value | Better: $236,061 | $235,891 |
| 1-year appreciation | +1.9% | Better: +8.9% |
| 5-year CAGR | +4.3% | Better: +5.6% |
| 10-year CAGR | Better: +9.3% | +7.2% |
| Rent & investment | ||
| Monthly rent | $1,488 | — |
| Gross yield | 7.6% | — |
| Cap rate | 4.5% | — |
| Property tax | ||
| Effective tax rate | 1.4% | Better: 1.2% |
| Typical annual tax | $3,345 | Better: $2,790 |
| Demographics | ||
| Population | 29,318 | 2,152 |
| Median household income | $71,510 | Better: $81,417 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Low |
| Net migration | -3,230 | Better: -8 |
| Schools | ||
| Public schools | 11 | — |
| Students enrolled | 4,392 | — |