How much is a home worth in ZIP code 48066?

The typical home in 48066 is worth $172,245, based on the Zillow Home Value Index.

Are home values rising in 48066?

Home values in 48066 are up 3.5% over the past year, and up 4.9% a year over five years.

What is the typical rent in 48066?

A typical home in 48066 rents for about $1,325 a month, a gross rental yield of 9.2%.

What is the property tax rate in 48066?

The effective property tax rate in 48066 is 1.5% — roughly $2,498 a year on a typical home.

ZIP code 48066 has a population of 47,123 and a median household income of $62,182.

HousingHandbookReference data

…

U.S. ZIP Code · MI48066

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$172,245^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +4.9%
10-year / yr: +9.1%

Relative price

vs U.S.: -39.4%
vs metro: -43.1%
vs state: -28.0%

Price history

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

The typical home in 48066 is worth $172,245 — 43.1% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,325 a month — a 9.2% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $1,325^[2]
Gross yield: 9.2%^[2]
Cap rate: 5.5%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $2,498^[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: 47,123^[3]
Median household income: $62,182^[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: 13
Elementary: 10
Middle: 2
High: 1

Roseville High School
High · Grades 9–12 · Roseville Community Schools
1,228 students
Roseville Middle School
Middle · Grades 6–8 · Roseville Community Schools
621 students
Reach Charter Academy
Elementary · Grades K–8 · Reach Charter Academy
579 students
Ruth H Green Elementary School
Elementary · Grades PK–5 · Roseville Community Schools
440 students
Joseph G Steenland Elementary School
Elementary · Grades PK–5 · Roseville Community Schools
387 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 yield9.2%

Net yield (after ~40% expenses)5.5%

Annual rent$15,898

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$871

Loan principal$137,796

Down payment$34,449

Total interest paid$175,751

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 ratio0.92

Monthly cost to own$1,223

Monthly rent$1,325

Owning 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: 39th percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 71st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48066?: The typical home in 48066 is worth $172,245, based on the Zillow Home Value Index.
Are home values rising in 48066?: Home values in 48066 are up 3.5% over the past year, and up 4.9% a year over five years.
What is the typical rent in 48066?: A typical home in 48066 rents for about $1,325 a month, a gross rental yield of 9.2%.
What is the property tax rate in 48066?: The effective property tax rate in 48066 is 1.5% — roughly $2,498 a year on a typical home.
Who lives in 48066?: ZIP code 48066 has a population of 47,123 and a median household income of $62,182.

#Comparable ZIPs

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

48060 vs 48066 →
Port Huron, MI
Typical home
$172,604
Gross yield
7.4%
48184 vs 48066 →
Wayne, MI
Typical home
$174,631
Gross yield
8.3%
48015
Center Line, MI
Typical home
$168,999
Gross yield
—
48239
Detroit, MI
Typical home
$176,437
Gross yield
10.8%
48180
Taylor, MI
Typical home
$177,981
Gross yield
9.4%
48202
Detroit, MI
Typical home
$178,276
Gross yield
9.6%

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

Compare ZIPs

Pit ZIP 48066 against any other ZIP — full side-by-side table.

Compare 48066 →

#Jump to section

U.S. ZIP Code · MI48066

Get more data on ZIPs like this

Get more data on ZIPs like this