How much is a home worth in ZIP code 48141?

The typical home in 48141 is worth $110,097, based on the Zillow Home Value Index.

Are home values rising in 48141?

Home values in 48141 are up 6.3% over the past year, and up 8.3% a year over five years.

What is the typical rent in 48141?

A typical home in 48141 rents for about $1,294 a month, a gross rental yield of 14.1%.

What is the property tax rate in 48141?

The effective property tax rate in 48141 is 1.9% — roughly $2,141 a year on a typical home.

ZIP code 48141 has a population of 25,428 and a median household income of $39,252.

HousingHandbookReference data

…

U.S. ZIP Code · MI48141

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$110,097^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.3%
5-year / yr: +8.3%
10-year / yr: +12.3%

Relative price

vs U.S.: -61.2%
vs metro: -63.6%
vs state: -54.0%

Price history

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

The typical home in 48141 is worth $110,097 — 63.6% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 6.3%. Homes here rent for a typical $1,294 a month — a 14.1% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent: $1,294^[2]
Gross yield: 14.1%^[2]
Cap rate: 8.5%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $2,141^[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: 25,428^[3]
Median household income: $39,252^[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: 1
High: 3

David Hicks School
Elementary · Grades PK–5 · Wayne-Westland Community School District
414 students
Inkster Preparatory Academy
Elementary · Grades K–8 · Inkster Preparatory Academy
249 students
American International Academy Upper Elementary
Elementary · Grades 3–6 · American International Academy
210 students
American International Academy High SchoolMiddle Schooll
High · Grades 7–12 · American International Academy
197 students
Tomlinson Middle School
Middle · Grades 6–8 · Westwood Community School District
195 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 yield14.1%

Net yield (after ~40% expenses)8.5%

Annual rent$15,527

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$557

Loan principal$88,077

Down payment$22,019

Total interest paid$112,338

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 ratio0.64

Monthly cost to own$826

Monthly rent$1,294

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: 100th percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 98th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for best 10-year appreciation in MIView list →

Frequently asked

How much is a home worth in ZIP code 48141?: The typical home in 48141 is worth $110,097, based on the Zillow Home Value Index.
Are home values rising in 48141?: Home values in 48141 are up 6.3% over the past year, and up 8.3% a year over five years.
What is the typical rent in 48141?: A typical home in 48141 rents for about $1,294 a month, a gross rental yield of 14.1%.
What is the property tax rate in 48141?: The effective property tax rate in 48141 is 1.9% — roughly $2,141 a year on a typical home.
Who lives in 48141?: ZIP code 48141 has a population of 25,428 and a median household income of $39,252.

#Comparable ZIPs

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

48215 vs 48141 →
Detroit, MI
Typical home
$97,498
Gross yield
—
48212 vs 48141 →
Detroit, MI
Typical home
$124,963
Gross yield
11.1%
48235
Detroit, MI
Typical home
$92,918
Gross yield
16.9%
48219
Detroit, MI
Typical home
$90,152
Gross yield
16.2%
48206
Detroit, MI
Typical home
$89,916
Gross yield
17.0%
48209
Detroit, MI
Typical home
$89,818
Gross yield
13.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 48141 against any other ZIP — full side-by-side table.

Compare 48141 →

#Jump to section

U.S. ZIP Code · MI48141

Get more data on ZIPs like this

Get more data on ZIPs like this