How much is a home worth in ZIP code 48045?

The typical home in 48045 is worth $262,470, based on the Zillow Home Value Index.

Are home values rising in 48045?

Home values in 48045 are down 1.5% over the past year, and up 3.2% a year over five years.

What is the typical rent in 48045?

A typical home in 48045 rents for about $1,374 a month, a gross rental yield of 6.3%.

What is the property tax rate in 48045?

The effective property tax rate in 48045 is 1.2% — roughly $3,266 a year on a typical home.

ZIP code 48045 has a population of 24,061 and a median household income of $80,366.

HousingHandbookReference data

…

U.S. ZIP Code · MI48045

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$262,470^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +3.2%
10-year / yr: +5.6%

Relative price

vs U.S.: -7.6%
vs metro: -13.3%
vs state: +9.8%

Price history

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

The typical home in 48045 is worth $262,470 — 13.3% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,374 a month — a 6.3% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,374^[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: 1.2%^[3]
Typical annual tax: $3,266^[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: 24,061^[3]
Median household income: $80,366^[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: 7
Elementary: 4
Middle: 2
High: 1

High School
High · Grades 9–12 · L'Anse Creuse Public Schools
1,214 students
Middle School Central
Middle · Grades 6–8 · L'Anse Creuse Public Schools
552 students
South River Elementary School
Elementary · Grades K–5 · L'Anse Creuse Public Schools
526 students
Middle School South
Middle · Grades 6–8 · L'Anse Creuse Public Schools
389 students
Marie C Graham Elem School
Elementary · Grades PK–5 · L'Anse Creuse Public Schools
326 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$16,487

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$1,327

Loan principal$209,976

Down payment$52,494

Total interest paid$267,813

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 ratio1.32

Monthly cost to own$1,817

Monthly rent$1,374

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: 13th percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 53rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48045?: The typical home in 48045 is worth $262,470, based on the Zillow Home Value Index.
Are home values rising in 48045?: Home values in 48045 are down 1.5% over the past year, and up 3.2% a year over five years.
What is the typical rent in 48045?: A typical home in 48045 rents for about $1,374 a month, a gross rental yield of 6.3%.
What is the property tax rate in 48045?: The effective property tax rate in 48045 is 1.2% — roughly $3,266 a year on a typical home.
Who lives in 48045?: ZIP code 48045 has a population of 24,061 and a median household income of $80,366.

#Comparable ZIPs

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

48461 vs 48045 →
North Branch, MI
Typical home
$261,684
Gross yield
—
48127 vs 48045 →
Dearborn Heights, MI
Typical home
$264,070
Gross yield
6.2%
48446
Lapeer, MI
Typical home
$265,280
Gross yield
6.1%
48036
Mount Clemens, MI
Typical home
$265,402
Gross yield
—
48059
Lakeport CDP, MI
Typical home
$265,461
Gross yield
—
48034
Southfield, MI
Typical home
$259,290
Gross yield
6.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 48045 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48045

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