How much is a home worth in ZIP code 48071?

The typical home in 48071 is worth $221,916, based on the Zillow Home Value Index.

Are home values rising in 48071?

Home values in 48071 are down 0.2% over the past year, and up 4.7% a year over five years.

What is the typical rent in 48071?

A typical home in 48071 rents for about $1,550 a month, a gross rental yield of 8.4%.

What is the property tax rate in 48071?

The effective property tax rate in 48071 is 1.4% — roughly $3,089 a year on a typical home.

ZIP code 48071 has a population of 28,419 and a median household income of $69,503.

HousingHandbookReference data

…

U.S. ZIP Code · MI48071

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$221,916^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.2%
5-year / yr: +4.7%
10-year / yr: +7.3%

Relative price

vs U.S.: -21.9%
vs metro: -26.7%
vs state: -7.2%

Price history

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

The typical home in 48071 is worth $221,916 — 26.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 0.2%. Homes here rent for a typical $1,550 a month — a 8.4% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent: $1,550^[2]
Gross yield: 8.4%^[2]
Cap rate: 5.0%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $3,089^[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: 28,419^[3]
Median household income: $69,503^[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: 14
Elementary: 7
Middle: 2
High: 4

Lamphere High School
High · Grades 9–12 · Lamphere Public Schools
750 students
Page Middle School
Middle · Grades 6–8 · Lamphere Public Schools
533 students
Keys Grace Academy
Other · Grades K–12 · Keys Grace Academy
514 students
Madison Elementary School
Elementary · Grades PK–5 · Madison District Public Schools
355 students
Edmonson Elementary School
Elementary · Grades PK–5 · Lamphere Public Schools
302 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 yield8.4%

Net yield (after ~40% expenses)5.0%

Annual rent$18,601

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$1,122

Loan principal$177,533

Down payment$44,383

Total interest paid$226,433

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 ratio1.01

Monthly cost to own$1,564

Monthly rent$1,550

Owning and renting are roughly even.

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: 34th percentile^[1]
Rental yield: 65th percentile^[2]
Property tax: 65th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48071?: The typical home in 48071 is worth $221,916, based on the Zillow Home Value Index.
Are home values rising in 48071?: Home values in 48071 are down 0.2% over the past year, and up 4.7% a year over five years.
What is the typical rent in 48071?: A typical home in 48071 rents for about $1,550 a month, a gross rental yield of 8.4%.
What is the property tax rate in 48071?: The effective property tax rate in 48071 is 1.4% — roughly $3,089 a year on a typical home.
Who lives in 48071?: ZIP code 48071 has a population of 28,419 and a median household income of $69,503.

#Comparable ZIPs

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

48080 vs 48071 →
St. Clair Shores, MI
Typical home
$222,069
Gross yield
8.5%
48039 vs 48071 →
Marine City, MI
Typical home
$223,661
Gross yield
—
48093
Warren, MI
Typical home
$224,107
Gross yield
6.9%
48035
St. Clair Shores, MI
Typical home
$224,706
Gross yield
6.4%
48185
Westland, MI
Typical home
$226,317
Gross yield
6.9%
48174
Romulus, MI
Typical home
$217,470
Gross yield
7.1%

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

Compare ZIPs

Pit ZIP 48071 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48071

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