How much is a home worth in ZIP code 48135?

The typical home in 48135 is worth $203,132, based on the Zillow Home Value Index.

Are home values rising in 48135?

Home values in 48135 are up 1.4% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48135?

A typical home in 48135 rents for about $1,750 a month, a gross rental yield of 10.3%.

What is the property tax rate in 48135?

The effective property tax rate in 48135 is 1.6% — roughly $3,329 a year on a typical home.

ZIP code 48135 has a population of 26,739 and a median household income of $67,294.

HousingHandbookReference data

…

U.S. ZIP Code · MI48135

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$203,132^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +5.5%
10-year / yr: +8.2%

Relative price

vs U.S.: -28.5%
vs metro: -32.9%
vs state: -15.0%

Price history

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

The typical home in 48135 is worth $203,132 — 32.9% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,750 a month — a 10.3% 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: $1,750^[2]
Gross yield: 10.3%^[2]
Cap rate: 6.2%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $3,329^[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: 26,739^[3]
Median household income: $67,294^[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: 9
Elementary: 4
Middle: 2
High: 2

Garden City High School
High · Grades 9–12 · Garden City Public Schools
857 students
Douglas Elementary 34 Campus
Elementary · Grades 3–4 · Garden City Public Schools
435 students
Garden City Middle School
Middle · Grades 7–8 · Garden City Public Schools
419 students
Farmington 56 Campus
Middle · Grades 5–6 · Garden City Public Schools
415 students
Memorial Elementary 12 Campus
Elementary · Grades 1–2 · Garden City Public Schools
407 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 yield10.3%

Net yield (after ~40% expenses)6.2%

Annual rent$21,000

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$1,027

Loan principal$162,506

Down payment$40,626

Total interest paid$207,267

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 ratio0.84

Monthly cost to own$1,474

Monthly rent$1,750

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: 70th percentile^[1]
Rental yield: 77th percentile^[2]
Property tax: 87th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48135?: The typical home in 48135 is worth $203,132, based on the Zillow Home Value Index.
Are home values rising in 48135?: Home values in 48135 are up 1.4% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48135?: A typical home in 48135 rents for about $1,750 a month, a gross rental yield of 10.3%.
What is the property tax rate in 48135?: The effective property tax rate in 48135 is 1.6% — roughly $3,329 a year on a typical home.
Who lives in 48135?: ZIP code 48135 has a population of 26,739 and a median household income of $67,294.

#Comparable ZIPs

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

48186 vs 48135 →
Westland, MI
Typical home
$201,106
Gross yield
7.3%
48101 vs 48135 →
Allen Park, MI
Typical home
$209,513
Gross yield
7.0%
48727
Clifford, MI
Typical home
$209,601
Gross yield
—
48195
Southgate, MI
Typical home
$194,729
Gross yield
10.2%
48216
Detroit, MI
Typical home
$193,844
Gross yield
10.6%
48192
Wyandotte, MI
Typical home
$189,594
Gross yield
7.6%

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Pit ZIP 48135 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48135

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