HousingHandbookReference data

U.S. ZIP Code · MI48158

Washtenaw County · Ann Arbor, MI

Typical home value

$378,637[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.8%
5-year / yr
+4.1%
10-year / yr
+5.0%

Relative price

vs U.S.
+33.3%
vs metro
-8.2%
vs state
+58.4%
ZIP 48158 location in MI
Location of ZIP 48158 in MI

Price history

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

The typical home in 48158 is worth $378,637 — 8.2% below the Ann Arbor, MI median. Over the past year, values have risen 3.8%. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$4,339[3]

#Climate risk

FEMA National Risk Index ratings for Washtenaw County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
7,770[3]
Median household income
$94,784[3]

#Migration

Household moves in and out of Washtenaw County over a year, from IRS tax-return data.

Net migration
-2,091[5]
Moved in
11,464
Moved out
13,555

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
2
Middle
0
High
1
  • Manchester JuniorSenior High School

    High · Grades 7–12 · Manchester Community Schools

    329 students

  • Riverside Intermediate School

    Elementary · Grades 3–6 · Manchester Community Schools

    185 students

  • Luther C Klager Elem School

    Elementary · Grades PK–2 · Manchester Community Schools

    169 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,915
Loan principal$302,909
Down payment$75,727
Total interest paid$386,344

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.

Own : rent ratio
Monthly cost to own$2,593
Monthly rent

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
36th percentile[1]
Rental yield
[2]
Property tax
9th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48158?
The typical home in 48158 is worth $378,637, based on the Zillow Home Value Index.
Are home values rising in 48158?
Home values in 48158 are up 3.8% over the past year, and up 4.1% a year over five years.
What is the property tax rate in 48158?
The effective property tax rate in 48158 is 1.1% — roughly $4,339 a year on a typical home.
Who lives in 48158?
ZIP code 48158 has a population of 7,770 and a median household income of $94,784.

#Comparable ZIPs

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

  • Whitmore Lake CDP, MI

    Typical home
    $360,485
    Gross yield
    6.2%
  • Ypsilanti, MI

    Typical home
    $347,237
    Gross yield
    4.5%
  • Chelsea, MI

    Typical home
    $412,378
    Gross yield
  • Ann Arbor, MI

    Typical home
    $445,650
    Gross yield
    5.6%
  • MI

    Typical home
    $298,461
    Gross yield
  • Saline, MI

    Typical home
    $470,380
    Gross yield
    3.9%

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