How much is a home worth in ZIP code 48083?

The typical home in 48083 is worth $361,816, based on the Zillow Home Value Index.

Are home values rising in 48083?

Home values in 48083 are up 2.9% over the past year, and up 5.2% a year over five years.

What is the typical rent in 48083?

A typical home in 48083 rents for about $1,746 a month, a gross rental yield of 5.8%.

What is the property tax rate in 48083?

The effective property tax rate in 48083 is 1.3% — roughly $4,643 a year on a typical home.

ZIP code 48083 has a population of 23,771 and a median household income of $90,794.

HousingHandbookReference data

…

U.S. ZIP Code · MI48083

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$361,816^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +5.2%
10-year / yr: +5.8%

Relative price

vs U.S.: +27.4%
vs metro: +19.5%
vs state: +51.3%

Price history

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

The typical home in 48083 is worth $361,816 — 19.5% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,746 a month — a 5.8% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,746^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $4,643^[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: 23,771^[3]
Median household income: $90,794^[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: 8
Elementary: 4
Middle: 1
High: 1

Lighthouse Connections Academy
Other · Grades K–12 · Lighthouse Connections Academy
2,187 students
Baker Middle School
Middle · Grades 6–8 · Troy School District
635 students
Barnard Elementary School
Elementary · Grades K–5 · Troy School District
421 students
Wattles Elementary School
Elementary · Grades K–5 · Troy School District
412 students
Morse Elementary School
Elementary · Grades PK–5 · Troy School District
407 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$20,951

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$1,830

Loan principal$289,453

Down payment$72,363

Total interest paid$369,181

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 ratio1.44

Monthly cost to own$2,517

Monthly rent$1,746

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: 50th percentile^[1]
Rental yield: 27th percentile^[2]
Property tax: 55th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48083?: The typical home in 48083 is worth $361,816, based on the Zillow Home Value Index.
Are home values rising in 48083?: Home values in 48083 are up 2.9% over the past year, and up 5.2% a year over five years.
What is the typical rent in 48083?: A typical home in 48083 rents for about $1,746 a month, a gross rental yield of 5.8%.
What is the property tax rate in 48083?: The effective property tax rate in 48083 is 1.3% — roughly $4,643 a year on a typical home.
Who lives in 48083?: ZIP code 48083 has a population of 23,771 and a median household income of $90,794.

#Comparable ZIPs

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

48314 vs 48083 →
Sterling Heights, MI
Typical home
$360,764
Gross yield
—
48137 vs 48083 →
MI
Typical home
$360,246
Gross yield
—
48003
Almont, MI
Typical home
$359,283
Gross yield
—
48334
Farmington Hills, MI
Typical home
$359,090
Gross yield
—
48346
Village of Clarkston, MI
Typical home
$365,808
Gross yield
5.7%
48430
Fenton, MI
Typical home
$367,457
Gross yield
4.7%

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#Jump to section

U.S. ZIP Code · MI48083

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