How much is a home worth in ZIP code 48081?

The typical home in 48081 is worth $242,205, based on the Zillow Home Value Index.

Are home values rising in 48081?

Home values in 48081 are up 4.8% over the past year, and up 5.7% a year over five years.

What is the typical rent in 48081?

A typical home in 48081 rents for about $1,545 a month, a gross rental yield of 7.7%.

What is the property tax rate in 48081?

The effective property tax rate in 48081 is 1.4% — roughly $3,420 a year on a typical home.

ZIP code 48081 has a population of 20,530 and a median household income of $82,009.

HousingHandbookReference data

…

U.S. ZIP Code · MI48081

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$242,205^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +5.7%
10-year / yr: +7.0%

Relative price

vs U.S.: -14.7%
vs metro: -20.0%
vs state: +1.3%

Price history

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

The typical home in 48081 is worth $242,205 — 20.0% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.8%. Homes here rent for a typical $1,545 a month — a 7.7% 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: $1,545^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $3,420^[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: 20,530^[3]
Median household income: $82,009^[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: 1
High: 1

Lakeview High School
High · Grades 9–12 · Lakeview Public Schools (Macomb)
1,441 students
Jefferson Middle School
Middle · Grades 6–8 · Lakeview Public Schools (Macomb)
974 students
Princeton Elementary School
Elementary · Grades K–5 · Lakeview Public Schools (Macomb)
643 students
Rodgers Elementary School
Elementary · Grades PK–5 · Lake Shore Public Schools (Macomb)
530 students
Greenwood Elementary School
Elementary · Grades PK–5 · Lakeview Public Schools (Macomb)
416 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$18,540

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$1,225

Loan principal$193,764

Down payment$48,441

Total interest paid$247,136

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 ratio1.11

Monthly cost to own$1,711

Monthly rent$1,545

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: 79th percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 68th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48081?: The typical home in 48081 is worth $242,205, based on the Zillow Home Value Index.
Are home values rising in 48081?: Home values in 48081 are up 4.8% over the past year, and up 5.7% a year over five years.
What is the typical rent in 48081?: A typical home in 48081 rents for about $1,545 a month, a gross rental yield of 7.7%.
What is the property tax rate in 48081?: The effective property tax rate in 48081 is 1.4% — roughly $3,420 a year on a typical home.
Who lives in 48081?: ZIP code 48081 has a population of 20,530 and a median household income of $82,009.

#Comparable ZIPs

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

48088 vs 48081 →
Warren, MI
Typical home
$243,445
Gross yield
9.4%
48440 vs 48081 →
MI
Typical home
$243,898
Gross yield
—
48092
Warren, MI
Typical home
$244,837
Gross yield
8.3%
48075
Southfield, MI
Typical home
$239,103
Gross yield
8.0%
48124
Dearborn, MI
Typical home
$238,913
Gross yield
8.8%
48026
Fraser, MI
Typical home
$238,809
Gross yield
—

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

Compare ZIPs

Pit ZIP 48081 against any other ZIP — full side-by-side table.

Compare 48081 →

#Jump to section

U.S. ZIP Code · MI48081

Get more data on ZIPs like this

Get more data on ZIPs like this