How much is a home worth in ZIP code 48173?

The typical home in 48173 is worth $269,344, based on the Zillow Home Value Index.

Are home values rising in 48173?

Home values in 48173 are up 3.5% over the past year, and up 4.5% a year over five years.

What is the typical rent in 48173?

A typical home in 48173 rents for about $1,145 a month, a gross rental yield of 5.1%.

What is the property tax rate in 48173?

The effective property tax rate in 48173 is 1.8% — roughly $4,765 a year on a typical home.

ZIP code 48173 has a population of 12,931 and a median household income of $94,094.

HousingHandbookReference data

…

U.S. ZIP Code · MI48173

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$269,344^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +4.5%
10-year / yr: +7.1%

Relative price

vs U.S.: -5.2%
vs metro: -11.0%
vs state: +12.7%

Price history

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

The typical home in 48173 is worth $269,344 — 11.0% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,145 a month — a 5.1% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $1,145^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $4,765^[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: 12,931^[3]
Median household income: $94,094^[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: 2
Middle: 1
High: 1

Oscar A Carlson High School
High · Grades 9–12 · Gibraltar School District
1,104 students
Shumate Middle School
Middle · Grades 6–8 · Gibraltar School District
824 students
Chapman Elementary School
Elementary · Grades PK–5 · Gibraltar School District
444 students
Parsons Elementary School
Elementary · Grades PK–5 · Gibraltar School District
385 students
Lakeshore Virtual School
Other · Grades K–12 · Gibraltar School District
109 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 yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$13,740

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$1,362

Loan principal$215,475

Down payment$53,869

Total interest paid$274,827

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 ratio1.73

Monthly cost to own$1,984

Monthly rent$1,145

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: 27th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48173?: The typical home in 48173 is worth $269,344, based on the Zillow Home Value Index.
Are home values rising in 48173?: Home values in 48173 are up 3.5% over the past year, and up 4.5% a year over five years.
What is the typical rent in 48173?: A typical home in 48173 rents for about $1,145 a month, a gross rental yield of 5.1%.
What is the property tax rate in 48173?: The effective property tax rate in 48173 is 1.8% — roughly $4,765 a year on a typical home.
Who lives in 48173?: ZIP code 48173 has a population of 12,931 and a median household income of $94,094.

#Comparable ZIPs

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

48023 vs 48173 →
MI
Typical home
$265,743
Gross yield
—
48059 vs 48173 →
Lakeport CDP, MI
Typical home
$265,461
Gross yield
—
48036
Mount Clemens, MI
Typical home
$265,402
Gross yield
—
48446
Lapeer, MI
Typical home
$265,280
Gross yield
6.1%
48127
Dearborn Heights, MI
Typical home
$264,070
Gross yield
6.2%
48045
St. Clair Shores, MI
Typical home
$262,470
Gross yield
6.3%

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

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Pit ZIP 48173 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48173

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