HousingHandbookReference data

U.S. ZIP Code · MI48164

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$343,855[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.3%
5-year / yr
+5.0%
10-year / yr
+6.2%

Relative price

vs U.S.
+21.0%
vs metro
+13.6%
vs state
+43.8%
ZIP 48164 location in MI
Location of ZIP 48164 in MI

Price history

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

The typical home in 48164 is worth $343,855 — 13.6% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 5.3%. The effective property tax rate is 1.3%.

#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
1.3%[3]
Typical annual tax
$4,627[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
9,576[3]
Median household income
$107,827[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
5
Elementary
3
Middle
1
High
1
  • Huron High School

    High · Grades 9–12 · Huron School District

    793 students

  • Carl T Renton Jr High School

    Middle · Grades 6–8 · Huron School District

    580 students

  • William D Miller Elem School

    Elementary · Grades 1–5 · Huron School District

    476 students

  • Brown Elementary School

    Elementary · Grades 1–5 · Huron School District

    435 students

  • Alice I Ferguson Early Childhood Center

    Elementary · Grades PK–K · Huron School District

    198 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$1,739
Loan principal$275,084
Down payment$68,771
Total interest paid$350,854

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$2,412
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
44th percentile[1]
Rental yield
[2]
Property tax
62nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 48164?
The typical home in 48164 is worth $343,855, based on the Zillow Home Value Index.
Are home values rising in 48164?
Home values in 48164 are up 5.3% over the past year, and up 5.0% a year over five years.
What is the property tax rate in 48164?
The effective property tax rate in 48164 is 1.3% — roughly $4,627 a year on a typical home.
Who lives in 48164?
ZIP code 48164 has a population of 9,576 and a median household income of $107,827.

#Comparable ZIPs

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

  • New Baltimore, MI

    Typical home
    $344,120
    Gross yield
    6.5%
  • Royal Oak, MI

    Typical home
    $346,912
    Gross yield
    7.3%
  • Richmond, MI

    Typical home
    $347,088
    Gross yield
  • Livonia, MI

    Typical home
    $339,699
    Gross yield
  • MI

    Typical home
    $339,050
    Gross yield
  • MI

    Typical home
    $351,628
    Gross yield

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