How much is a home worth in ZIP code 48088?

The typical home in 48088 is worth $243,445, based on the Zillow Home Value Index.

Are home values rising in 48088?

Home values in 48088 are up 3.4% over the past year, and up 5.7% a year over five years.

What is the typical rent in 48088?

A typical home in 48088 rents for about $1,900 a month, a gross rental yield of 9.4%.

What is the property tax rate in 48088?

The effective property tax rate in 48088 is 1.5% — roughly $3,592 a year on a typical home.

ZIP code 48088 has a population of 22,991 and a median household income of $81,601.

HousingHandbookReference data

…

U.S. ZIP Code · MI48088

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$243,445^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.4%
5-year / yr: +5.7%
10-year / yr: +7.5%

Relative price

vs U.S.: -14.3%
vs metro: -19.6%
vs state: +1.8%

Price history

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

The typical home in 48088 is worth $243,445 — 19.6% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.4%. Homes here rent for a typical $1,900 a month — a 9.4% 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: $1,900^[2]
Gross yield: 9.4%^[2]
Cap rate: 5.6%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $3,592^[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: 22,991^[3]
Median household income: $81,601^[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: 6
Elementary: 3
Middle: 1
High: 2

Warren Woods Tower High School
High · Grades 9–12 · Warren Woods Public Schools
1,023 students
Warren Woods Middle School
Middle · Grades 6–8 · Warren Woods Public Schools
742 students
Wilde Elementary School
Elementary · Grades PK–5 · Warren Consolidated Schools
520 students
Pinewood Elementary School
Elementary · Grades K–5 · Warren Woods Public Schools
353 students
Briarwood Elementary School
Elementary · Grades K–5 · Warren Woods Public Schools
340 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 yield9.4%

Net yield (after ~40% expenses)5.6%

Annual rent$22,800

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$1,231

Loan principal$194,756

Down payment$48,689

Total interest paid$248,400

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 ratio0.91

Monthly cost to own$1,734

Monthly rent$1,900

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: 80th percentile^[1]
Rental yield: 72nd percentile^[2]
Property tax: 75th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48088?: The typical home in 48088 is worth $243,445, based on the Zillow Home Value Index.
Are home values rising in 48088?: Home values in 48088 are up 3.4% over the past year, and up 5.7% a year over five years.
What is the typical rent in 48088?: A typical home in 48088 rents for about $1,900 a month, a gross rental yield of 9.4%.
What is the property tax rate in 48088?: The effective property tax rate in 48088 is 1.5% — roughly $3,592 a year on a typical home.
Who lives in 48088?: ZIP code 48088 has a population of 22,991 and a median household income of $81,601.

#Comparable ZIPs

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

48440 vs 48088 →
MI
Typical home
$243,898
Gross yield
—
48081 vs 48088 →
St. Clair Shores, MI
Typical home
$242,205
Gross yield
7.7%
48092
Warren, MI
Typical home
$244,837
Gross yield
8.3%
48193
Riverview, MI
Typical home
$247,480
Gross yield
5.9%
48075
Southfield, MI
Typical home
$239,103
Gross yield
8.0%
48124
Dearborn, MI
Typical home
$238,913
Gross yield
8.8%

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

Compare ZIPs

Pit ZIP 48088 against any other ZIP — full side-by-side table.

Compare 48088 →

#Jump to section

U.S. ZIP Code · MI48088

Get more data on ZIPs like this

Get more data on ZIPs like this