U.S. ZIP Code · MI48117
Monroe County · Monroe, MI
Appreciation
- 1-year
- +7.2%
- 5-year / yr
- +5.5%
- 10-year / yr
- +6.2%
Relative price
- vs U.S.
- +15.6%
- vs metro
- +11.8%
- vs state
- +37.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 48117 is worth $328,323 — 11.8% above the Monroe, MI median. Over the past year, values have risen 7.2%. The effective property tax rate is 0.8%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Monroe County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Moderate[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Relatively Low
- Wildfire
- Very Low
- Drought
- No Rating
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Relatively Moderate
- Earthquake
- Relatively Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Monroe County over a year, from IRS tax-return data.
- Net migration
- -23[5]
- Moved in
- 3,509
- Moved out
- 3,532
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 7
- Elementary
- 2
- Middle
- 2
- High
- 2
Airport Senior High School
High · Grades 9–12 · Airport Community Schools
776 students
Wagar Junior High School
Middle · Grades 6–8 · Airport Community Schools
626 students
Joseph C Sterling Elementary School
Elementary · Grades PK–4 · Airport Community Schools
364 students
Loren Eyler Elementary School
Elementary · Grades PK–4 · Airport Community Schools
279 students
Wagar Middle School
Middle · Grades 5 · Airport Community Schools
234 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 48117?
- The typical home in 48117 is worth $328,323, based on the Zillow Home Value Index.
- Are home values rising in 48117?
- Home values in 48117 are up 7.2% over the past year, and up 5.5% a year over five years.
- What is the property tax rate in 48117?
- The effective property tax rate in 48117 is 0.8% — roughly $2,685 a year on a typical home.
- Who lives in 48117?
- ZIP code 48117 has a population of 10,262 and a median household income of $78,942.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
MI
- Typical home
- $331,780
- Gross yield
- —
Ida CDP, MI
- Typical home
- $320,945
- Gross yield
- —
Petersburg, MI
- Typical home
- $311,958
- Gross yield
- —
Milan, MI
- Typical home
- $309,092
- Gross yield
- —
Lambertville CDP, MI
- Typical home
- $309,087
- Gross yield
- —
South Rockwood, MI
- Typical home
- $307,216
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 48117 against any other ZIP — full side-by-side table.
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