How much is a home worth in ZIP code 48127?

The typical home in 48127 is worth $264,070, based on the Zillow Home Value Index.

Are home values rising in 48127?

Home values in 48127 are up 3.8% over the past year, and up 6.3% a year over five years.

What is the typical rent in 48127?

A typical home in 48127 rents for about $1,365 a month, a gross rental yield of 6.2%.

What is the property tax rate in 48127?

The effective property tax rate in 48127 is 1.5% — roughly $3,878 a year on a typical home.

ZIP code 48127 has a population of 39,646 and a median household income of $60,742.

HousingHandbookReference data

…

U.S. ZIP Code · MI48127

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$264,070^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +6.3%
10-year / yr: +7.6%

Relative price

vs U.S.: -7.0%
vs metro: -12.7%
vs state: +10.4%

Price history

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

The typical home in 48127 is worth $264,070 — 12.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,365 a month — a 6.2% 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: $1,365^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $3,878^[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: 39,646^[3]
Median household income: $60,742^[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: 14
Elementary: 6
Middle: 2
High: 3

Star International Academy
Other · Grades PK–12 · Star International Academy
1,643 students
Crestwood High School
High · Grades 9–12 · Crestwood School District
1,284 students
Riverside Middle School
Middle · Grades 5–8 · Crestwood School District
1,163 students
Kinloch Elementary School
Elementary · Grades K–4 · Crestwood School District
533 students
Highview Elementary School
Elementary · Grades PK–4 · Crestwood School District
382 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 yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$16,385

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$1,335

Loan principal$211,256

Down payment$52,814

Total interest paid$269,446

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 ratio1.38

Monthly cost to own$1,879

Monthly rent$1,365

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: 93rd percentile^[1]
Rental yield: 34th percentile^[2]
Property tax: 73rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48127?: The typical home in 48127 is worth $264,070, based on the Zillow Home Value Index.
Are home values rising in 48127?: Home values in 48127 are up 3.8% over the past year, and up 6.3% a year over five years.
What is the typical rent in 48127?: A typical home in 48127 rents for about $1,365 a month, a gross rental yield of 6.2%.
What is the property tax rate in 48127?: The effective property tax rate in 48127 is 1.5% — roughly $3,878 a year on a typical home.
Who lives in 48127?: ZIP code 48127 has a population of 39,646 and a median household income of $60,742.

#Comparable ZIPs

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

48446 vs 48127 →
Lapeer, MI
Typical home
$265,280
Gross yield
6.1%
48036 vs 48127 →
Mount Clemens, MI
Typical home
$265,402
Gross yield
—
48059
Lakeport CDP, MI
Typical home
$265,461
Gross yield
—
48045
St. Clair Shores, MI
Typical home
$262,470
Gross yield
6.3%
48023
MI
Typical home
$265,743
Gross yield
—
48461
North Branch, MI
Typical home
$261,684
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48127

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