How much is a home worth in ZIP code 48126?

The typical home in 48126 is worth $235,531, based on the Zillow Home Value Index.

Are home values rising in 48126?

Home values in 48126 are up 4.7% over the past year, and up 6.8% a year over five years.

What is the typical rent in 48126?

A typical home in 48126 rents for about $1,777 a month, a gross rental yield of 9.1%.

What is the property tax rate in 48126?

The effective property tax rate in 48126 is 1.5% — roughly $3,430 a year on a typical home.

ZIP code 48126 has a population of 51,997 and a median household income of $42,140.

HousingHandbookReference data

…

U.S. ZIP Code · MI48126

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$235,531^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.7%
5-year / yr: +6.8%
10-year / yr: +8.4%

Relative price

vs U.S.: -17.1%
vs metro: -22.2%
vs state: -1.5%

Price history

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

The typical home in 48126 is worth $235,531 — 22.2% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.7%. Homes here rent for a typical $1,777 a month — a 9.1% 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: $1,777^[2]
Gross yield: 9.1%^[2]
Cap rate: 5.4%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $3,430^[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: 51,997^[3]
Median household income: $42,140^[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: 20
Elementary: 13
Middle: 3
High: 3

Fordson High School
High · Grades 9–12 · Dearborn City School District
2,092 students
Advanced Technology Academy
Other · Grades PK–12 · Advanced Technology Academy
1,217 students
Woodworth Middle School
Middle · Grades 6–8 · Dearborn City School District
730 students
Henry Ford Elementary School
Elementary · Grades PK–5 · Dearborn City School District
721 students
Miller Elementary School
Elementary · Grades PK–5 · Dearborn City School District
581 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 yield9.1%

Net yield (after ~40% expenses)5.4%

Annual rent$21,321

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$1,191

Loan principal$188,425

Down payment$47,106

Total interest paid$240,326

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 ratio0.94

Monthly cost to own$1,674

Monthly rent$1,777

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: 97th percentile^[1]
Rental yield: 69th percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for most populous in MIView list →

Frequently asked

How much is a home worth in ZIP code 48126?: The typical home in 48126 is worth $235,531, based on the Zillow Home Value Index.
Are home values rising in 48126?: Home values in 48126 are up 4.7% over the past year, and up 6.8% a year over five years.
What is the typical rent in 48126?: A typical home in 48126 rents for about $1,777 a month, a gross rental yield of 9.1%.
What is the property tax rate in 48126?: The effective property tax rate in 48126 is 1.5% — roughly $3,430 a year on a typical home.
Who lives in 48126?: ZIP code 48126 has a population of 51,997 and a median household income of $42,140.

#Comparable ZIPs

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

48464 vs 48126 →
Otter Lake, MI
Typical home
$235,891
Gross yield
—
48237 vs 48126 →
Oak Park, MI
Typical home
$236,061
Gross yield
7.6%
48040
Marysville, MI
Typical home
$232,347
Gross yield
—
48074
Marysville, MI
Typical home
$232,264
Gross yield
—
48026
Fraser, MI
Typical home
$238,809
Gross yield
—
48124
Dearborn, MI
Typical home
$238,913
Gross yield
8.8%

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Pit ZIP 48126 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48126

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