How much is a home worth in ZIP code 48044?

The typical home in 48044 is worth $417,427, based on the Zillow Home Value Index.

Are home values rising in 48044?

Home values in 48044 are up 3.4% over the past year, and up 5.7% a year over five years.

What is the typical rent in 48044?

A typical home in 48044 rents for about $2,190 a month, a gross rental yield of 6.3%.

What is the property tax rate in 48044?

The effective property tax rate in 48044 is 1.1% — roughly $4,591 a year on a typical home.

ZIP code 48044 has a population of 58,754 and a median household income of $117,856.

HousingHandbookReference data

…

U.S. ZIP Code · MI48044

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$417,427^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.4%
5-year / yr: +5.7%
10-year / yr: +5.7%

Relative price

vs U.S.: +46.9%
vs metro: +37.9%
vs state: +74.6%

Price history

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

The typical home in 48044 is worth $417,427 — 37.9% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.4%. Homes here rent for a typical $2,190 a month — a 6.3% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $2,190^[2]
Gross yield: 6.3%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $4,591^[3]

#Climate risk

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

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 58,754^[3]
Median household income: $117,856^[3]

#Migration

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

Net migration: -418^[5]
Moved in: 18,118
Moved out: 18,536

Schools

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

Public schools: 10
Elementary: 6
Middle: 2
High: 1

Dakota High School
High · Grades 9–12 · Chippewa Valley Schools
2,625 students
Seneca Middle School
Middle · Grades 6–8 · Chippewa Valley Schools
1,089 students
Iroquois Middle School
Middle · Grades 6–8 · Chippewa Valley Schools
826 students
Floyd Ebeling Elementary School
Elementary · Grades PK–6 · Utica Community Schools
696 students
Shawnee Elementary School
Elementary · Grades PK–5 · Chippewa Valley Schools
662 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 yield6.3%

Net yield (after ~40% expenses)3.8%

Annual rent$26,280

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$2,111

Loan principal$333,942

Down payment$83,485

Total interest paid$425,924

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 ratio1.30

Monthly cost to own$2,841

Monthly rent$2,190

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: 81st percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 35th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for most populous in MIView list →

Frequently asked

How much is a home worth in ZIP code 48044?: The typical home in 48044 is worth $417,427, based on the Zillow Home Value Index.
Are home values rising in 48044?: Home values in 48044 are up 3.4% over the past year, and up 5.7% a year over five years.
What is the typical rent in 48044?: A typical home in 48044 rents for about $2,190 a month, a gross rental yield of 6.3%.
What is the property tax rate in 48044?: The effective property tax rate in 48044 is 1.1% — roughly $4,591 a year on a typical home.
Who lives in 48044?: ZIP code 48044 has a population of 58,754 and a median household income of $117,856.

#Comparable ZIPs

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

48322 vs 48044 →
Farmington Hills, MI
Typical home
$418,042
Gross yield
6.0%
48307 vs 48044 →
Rochester Hills, MI
Typical home
$418,596
Gross yield
4.7%
48201
Detroit, MI
Typical home
$418,805
Gross yield
4.3%
48371
Oxford, MI
Typical home
$414,771
Gross yield
3.7%
48316
MI
Typical home
$420,544
Gross yield
5.1%
48116
Brighton, MI
Typical home
$412,876
Gross yield
7.4%

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Pit ZIP 48044 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48044

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