How much is a home worth in ZIP code 48089?

The typical home in 48089 is worth $131,032, based on the Zillow Home Value Index.

Are home values rising in 48089?

Home values in 48089 are up 2.8% over the past year, and up 5.7% a year over five years.

What is the typical rent in 48089?

A typical home in 48089 rents for about $1,320 a month, a gross rental yield of 12.1%.

What is the property tax rate in 48089?

The effective property tax rate in 48089 is 1.5% — roughly $1,913 a year on a typical home.

ZIP code 48089 has a population of 31,853 and a median household income of $52,366.

HousingHandbookReference data

…

U.S. ZIP Code · MI48089

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$131,032^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.8%
5-year / yr: +5.7%
10-year / yr: +10.2%

Relative price

vs U.S.: -53.9%
vs metro: -56.7%
vs state: -45.2%

Price history

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

The typical home in 48089 is worth $131,032 — 56.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.8%. Homes here rent for a typical $1,320 a month — a 12.1% 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: $1,320^[2]
Gross yield: 12.1%^[2]
Cap rate: 7.3%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $1,913^[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: 31,853^[3]
Median household income: $52,366^[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: 11
Elementary: 5
Middle: 1
High: 3

Academy of Warren
Elementary · Grades PK–8 · Academy of Warren
790 students
Lincoln High School
High · Grades 9–12 · Van Dyke Public Schools
516 students
Lincoln Middle School
Middle · Grades 6–8 · Van Dyke Public Schools
368 students
LINCOLN ELEMENTARY SCHOOL
Elementary · Grades K–5 · Van Dyke Public Schools
366 students
Marjorie Carlson Elementary School
Elementary · Grades PK–5 · Van Dyke Public Schools
360 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 yield12.1%

Net yield (after ~40% expenses)7.3%

Annual rent$15,838

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$663

Loan principal$104,826

Down payment$26,206

Total interest paid$133,700

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 ratio0.71

Monthly cost to own$931

Monthly rent$1,320

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: 82nd percentile^[1]
Rental yield: 85th percentile^[2]
Property tax: 72nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48089?: The typical home in 48089 is worth $131,032, based on the Zillow Home Value Index.
Are home values rising in 48089?: Home values in 48089 are up 2.8% over the past year, and up 5.7% a year over five years.
What is the typical rent in 48089?: A typical home in 48089 rents for about $1,320 a month, a gross rental yield of 12.1%.
What is the property tax rate in 48089?: The effective property tax rate in 48089 is 1.5% — roughly $1,913 a year on a typical home.
Who lives in 48089?: ZIP code 48089 has a population of 31,853 and a median household income of $52,366.

#Comparable ZIPs

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

48208 vs 48089 →
Detroit, MI
Typical home
$131,031
Gross yield
12.7%
48342 vs 48089 →
Pontiac, MI
Typical home
$130,942
Gross yield
12.1%
48221
Detroit, MI
Typical home
$135,591
Gross yield
12.1%
48212
Detroit, MI
Typical home
$124,963
Gross yield
11.1%
48340
Pontiac, MI
Typical home
$141,215
Gross yield
—
48122
Melvindale, MI
Typical home
$141,352
Gross yield
9.2%

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Pit ZIP 48089 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48089

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