How much is a home worth in ZIP code 48033?

The typical home in 48033 is worth $228,194, based on the Zillow Home Value Index.

Are home values rising in 48033?

Home values in 48033 are up 2.2% over the past year, and up 4.0% a year over five years.

What is the typical rent in 48033?

A typical home in 48033 rents for about $1,480 a month, a gross rental yield of 7.8%.

What is the property tax rate in 48033?

The effective property tax rate in 48033 is 1.6% — roughly $3,748 a year on a typical home.

ZIP code 48033 has a population of 17,277 and a median household income of $61,016.

HousingHandbookReference data

…

U.S. ZIP Code · MI48033

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$228,194^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +4.0%
10-year / yr: +7.5%

Relative price

vs U.S.: -19.7%
vs metro: -24.6%
vs state: -4.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48033 is worth $228,194 — 24.6% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.2%. Homes here rent for a typical $1,480 a month — a 7.8% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,480^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.6%^[3]
Typical annual tax: $3,748^[3]

#Climate risk

FEMA National Risk Index ratings for Oakland County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 17,277^[3]
Median household income: $61,016^[3]

#Migration

Household moves in and out of Oakland County over a year, from IRS tax-return data.

Net migration: -3,230^[5]
Moved in: 30,811
Moved out: 34,041

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 2
High: 1

Southfield High School for the Arts and Technology
High · Grades 9–12 · Southfield Public School District
1,190 students
Laurus Academy
Elementary · Grades K–8 · Laurus Academy
786 students
Bradford Academy
Other · Grades PK–12 · Bradford Academy
768 students
Glenn W Levey Middle School
Middle · Grades 6–8 · Southfield Public School District
351 students
Morris Adler Elementary School
Elementary · Grades K–5 · Southfield Public School District
335 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$17,760

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,154

Loan principal$182,555

Down payment$45,639

Total interest paid$232,839

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.12

Monthly cost to own$1,656

Monthly rent$1,480

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 18th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 87th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48033?: The typical home in 48033 is worth $228,194, based on the Zillow Home Value Index.
Are home values rising in 48033?: Home values in 48033 are up 2.2% over the past year, and up 4.0% a year over five years.
What is the typical rent in 48033?: A typical home in 48033 rents for about $1,480 a month, a gross rental yield of 7.8%.
What is the property tax rate in 48033?: The effective property tax rate in 48033 is 1.6% — roughly $3,748 a year on a typical home.
Who lives in 48033?: ZIP code 48033 has a population of 17,277 and a median household income of $61,016.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

48082 vs 48033 →
St. Clair Shores, MI
Typical home
$229,654
Gross yield
9.9%
48185 vs 48033 →
Westland, MI
Typical home
$226,317
Gross yield
6.9%
48035
St. Clair Shores, MI
Typical home
$224,706
Gross yield
6.4%
48074
Marysville, MI
Typical home
$232,264
Gross yield
—
48093
Warren, MI
Typical home
$224,107
Gross yield
6.9%
48040
Marysville, MI
Typical home
$232,347
Gross yield
—

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Pit ZIP 48033 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48033

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