How much is a home worth in ZIP code 48178?

The typical home in 48178 is worth $470,323, based on the Zillow Home Value Index.

Are home values rising in 48178?

Home values in 48178 are up 3.6% over the past year, and up 5.4% a year over five years.

What is the typical rent in 48178?

A typical home in 48178 rents for about $1,478 a month, a gross rental yield of 3.8%.

What is the property tax rate in 48178?

The effective property tax rate in 48178 is 1.2% — roughly $5,560 a year on a typical home.

ZIP code 48178 has a population of 37,789 and a median household income of $131,558.

HousingHandbookReference data

…

U.S. ZIP Code · MI48178

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$470,323^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +5.4%
10-year / yr: +5.3%

Relative price

vs U.S.: +65.6%
vs metro: +55.4%
vs state: +96.7%

Price history

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

The typical home in 48178 is worth $470,323 — 55.4% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.6%. Homes here rent for a typical $1,478 a month — a 3.8% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,478^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,560^[3]

#Climate risk

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

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

#Who lives here

Population: 37,789^[3]
Median household income: $131,558^[3]

#Migration

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

Net migration: -3,230^[5]
Moved in: 30,811
Moved out: 34,041

Schools

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

Public schools: 11
Elementary: 6
Middle: 2
High: 2

South Lyon High School
High · Grades 9–12 · South Lyon Community Schools
1,253 students
South Lyon East High School
High · Grades 9–12 · South Lyon Community Schools
1,181 students
Millennium Middle School
Middle · Grades 6–8 · South Lyon Community Schools
1,043 students
Centennial Middle School
Middle · Grades 6–8 · South Lyon Community Schools
899 students
Sharon J Hardy Elementary School
Elementary · Grades K–5 · South Lyon Community Schools
580 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 yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$17,736

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$2,378

Loan principal$376,258

Down payment$94,065

Total interest paid$479,897

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 ratio2.19

Monthly cost to own$3,233

Monthly rent$1,478

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: 62nd percentile^[1]
Rental yield: 4th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48178?: The typical home in 48178 is worth $470,323, based on the Zillow Home Value Index.
Are home values rising in 48178?: Home values in 48178 are up 3.6% over the past year, and up 5.4% a year over five years.
What is the typical rent in 48178?: A typical home in 48178 rents for about $1,478 a month, a gross rental yield of 3.8%.
What is the property tax rate in 48178?: The effective property tax rate in 48178 is 1.2% — roughly $5,560 a year on a typical home.
Who lives in 48178?: ZIP code 48178 has a population of 37,789 and a median household income of $131,558.

#Comparable ZIPs

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

48094 vs 48178 →
MI
Typical home
$466,519
Gross yield
—
48085 vs 48178 →
Troy, MI
Typical home
$466,456
Gross yield
7.2%
48381
Milford, MI
Typical home
$464,981
Gross yield
—
48315
Utica, MI
Typical home
$475,740
Gross yield
5.0%
48114
Brighton, MI
Typical home
$477,141
Gross yield
—
48382
MI
Typical home
$463,309
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48178

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