How much is a home worth in ZIP code 48101?

The typical home in 48101 is worth $209,513, based on the Zillow Home Value Index.

Are home values rising in 48101?

Home values in 48101 are up 2.6% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48101?

A typical home in 48101 rents for about $1,227 a month, a gross rental yield of 7.0%.

What is the property tax rate in 48101?

The effective property tax rate in 48101 is 1.7% — roughly $3,655 a year on a typical home.

ZIP code 48101 has a population of 27,925 and a median household income of $81,655.

HousingHandbookReference data

…

U.S. ZIP Code · MI48101

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$209,513^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +5.5%
10-year / yr: +7.2%

Relative price

vs U.S.: -26.2%
vs metro: -30.8%
vs state: -12.4%

Price history

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

The typical home in 48101 is worth $209,513 — 30.8% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,227 a month — a 7.0% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,227^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,655^[3]

#Climate risk

FEMA National Risk Index ratings for Wayne County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Very High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 27,925^[3]
Median household income: $81,655^[3]

#Migration

Household moves in and out of Wayne County over a year, from IRS tax-return data.

Net migration: -4,559^[5]
Moved in: 28,607
Moved out: 33,166

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 4
Middle: 1
High: 2

Allen Park High School
High · Grades 9–12 · Allen Park Public Schools
1,136 students
Melvindale High School
High · Grades 9–12 · Melvindale-Northern Allen Park Schools
979 students
Allen Park Middle School
Middle · Grades 6–8 · Allen Park Public Schools
901 students
Lindemann Elementary School
Elementary · Grades PK–5 · Allen Park Public Schools
642 students
Arno Elementary School
Elementary · Grades PK–5 · Allen Park Public Schools
506 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$14,720

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$1,059

Loan principal$167,610

Down payment$41,903

Total interest paid$213,777

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 ratio1.25

Monthly cost to own$1,538

Monthly rent$1,227

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: 69th percentile^[1]
Rental yield: 49th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48101?: The typical home in 48101 is worth $209,513, based on the Zillow Home Value Index.
Are home values rising in 48101?: Home values in 48101 are up 2.6% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48101?: A typical home in 48101 rents for about $1,227 a month, a gross rental yield of 7.0%.
What is the property tax rate in 48101?: The effective property tax rate in 48101 is 1.7% — roughly $3,655 a year on a typical home.
Who lives in 48101?: ZIP code 48101 has a population of 27,925 and a median household income of $81,655.

#Comparable ZIPs

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

48727 vs 48101 →
Clifford, MI
Typical home
$209,601
Gross yield
—
48135 vs 48101 →
Garden City, MI
Typical home
$203,132
Gross yield
10.3%
48174
Romulus, MI
Typical home
$217,470
Gross yield
7.1%
48186
Westland, MI
Typical home
$201,106
Gross yield
7.3%
48071
Madison Heights, MI
Typical home
$221,916
Gross yield
8.4%
48080
St. Clair Shores, MI
Typical home
$222,069
Gross yield
8.5%

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

Compare ZIPs

Pit ZIP 48101 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48101

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