How much is a home worth in ZIP code 48134?

The typical home in 48134 is worth $312,158, based on the Zillow Home Value Index.

Are home values rising in 48134?

Home values in 48134 are up 5.1% over the past year, and up 4.7% a year over five years.

What is the typical rent in 48134?

A typical home in 48134 rents for about $1,363 a month, a gross rental yield of 5.2%.

What is the property tax rate in 48134?

The effective property tax rate in 48134 is 1.6% — roughly $4,970 a year on a typical home.

ZIP code 48134 has a population of 23,935 and a median household income of $92,076.

HousingHandbookReference data

…

U.S. ZIP Code · MI48134

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$312,158^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.1%
5-year / yr: +4.7%
10-year / yr: +5.4%

Relative price

vs U.S.: +9.9%
vs metro: +3.1%
vs state: +30.6%

Price history

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

The typical home in 48134 is worth $312,158 — 3.1% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 5.1%. Homes here rent for a typical $1,363 a month — a 5.2% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,363^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $4,970^[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: 23,935^[3]
Median household income: $92,076^[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: 11
Elementary: 4
Middle: 2
High: 5

Woodhaven High School
High · Grades 10–12 · Woodhaven-Brownstown School District
1,205 students
Flat Rock Community High School
High · Grades 9–12 · Flat Rock Community Schools
500 students
Wegienka Elementary School
Elementary · Grades PK–5 · Woodhaven-Brownstown School District
469 students
Thomas Simpson Middle School
Middle · Grades 6–8 · Flat Rock Community Schools
410 students
Ethel C Bobcean Elem School
Elementary · Grades PK–2 · Flat Rock Community Schools
380 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 yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$16,350

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$1,578

Loan principal$249,727

Down payment$62,432

Total interest paid$318,512

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 ratio1.65

Monthly cost to own$2,252

Monthly rent$1,363

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: 32nd percentile^[1]
Rental yield: 19th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48134?: The typical home in 48134 is worth $312,158, based on the Zillow Home Value Index.
Are home values rising in 48134?: Home values in 48134 are up 5.1% over the past year, and up 4.7% a year over five years.
What is the typical rent in 48134?: A typical home in 48134 rents for about $1,363 a month, a gross rental yield of 5.2%.
What is the property tax rate in 48134?: The effective property tax rate in 48134 is 1.6% — roughly $4,970 a year on a typical home.
Who lives in 48134?: ZIP code 48134 has a population of 23,935 and a median household income of $92,076.

#Comparable ZIPs

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

48111 vs 48134 →
Belleville, MI
Typical home
$310,444
Gross yield
5.2%
48390 vs 48134 →
Walled Lake, MI
Typical home
$314,001
Gross yield
7.8%
48051
MI
Typical home
$309,763
Gross yield
—
48128
Dearborn, MI
Typical home
$309,390
Gross yield
—
48032
MI
Typical home
$316,059
Gross yield
—
48062
Richmond, MI
Typical home
$308,098
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48134

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