HousingHandbookReference data

U.S. ZIP Code · MI48182

Monroe County · Monroe, MI

Typical home value

$297,148[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.9%
5-year / yr
+5.8%
10-year / yr
+5.8%

Relative price

vs U.S.
+4.6%
vs metro
+1.2%
vs state
+24.3%
ZIP 48182 location in MI
Location of ZIP 48182 in MI

Price history

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

The typical home in 48182 is worth $297,148 — 1.2% above the Monroe, MI median. Over the past year, values have risen 6.9%. Homes here rent for a typical $1,974 a month — a 8.0% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
$1,974[2]
Gross yield
8.0%[2]
Cap rate
4.8%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$2,872[3]

#Climate risk

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

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Relatively Low
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
20,179[3]
Median household income
$84,375[3]

#Migration

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

Net migration
-23[5]
Moved in
3,509
Moved out
3,532

Schools

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

Public schools
4
Elementary
1
Middle
1
High
1
  • Bedford Senior High School

    High · Grades 9–12 · Bedford Public Schools

    1,256 students

  • Bedford Junior High School

    Middle · Grades 6–8 · Bedford Public Schools

    923 students

  • Jackman Road Elementary School

    Elementary · Grades PK–5 · Bedford Public Schools

    588 students

  • Smith Road Elementary School

    Prekindergarten · Grades PK · Bedford Public Schools

    0 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 yield8.0%
Net yield (after ~40% expenses)4.8%
Annual rent$23,688

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$1,503
Loan principal$237,718
Down payment$59,430
Total interest paid$303,196

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 ratio1.01
Monthly cost to own$1,990
Monthly rent$1,974

Owning and renting are roughly even.

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
73rd percentile[1]
Rental yield
100th percentile[2]
Property tax
33rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 48182?
The typical home in 48182 is worth $297,148, based on the Zillow Home Value Index.
Are home values rising in 48182?
Home values in 48182 are up 6.9% over the past year, and up 5.8% a year over five years.
What is the typical rent in 48182?
A typical home in 48182 rents for about $1,974 a month, a gross rental yield of 8.0%.
What is the property tax rate in 48182?
The effective property tax rate in 48182 is 1.0% — roughly $2,872 a year on a typical home.
Who lives in 48182?
ZIP code 48182 has a population of 20,179 and a median household income of $84,375.

#Comparable ZIPs

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

  • Dundee, MI

    Typical home
    $290,236
    Gross yield
  • South Rockwood, MI

    Typical home
    $307,216
    Gross yield
  • Maybee, MI

    Typical home
    $285,899
    Gross yield
  • Lambertville CDP, MI

    Typical home
    $309,087
    Gross yield
  • Milan, MI

    Typical home
    $309,092
    Gross yield
  • Petersburg, MI

    Typical home
    $311,958
    Gross yield

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