How much is a home worth in ZIP code 48183?

The typical home in 48183 is worth $255,680, based on the Zillow Home Value Index.

Are home values rising in 48183?

Home values in 48183 are up 3.3% over the past year, and up 5.0% a year over five years.

What is the typical rent in 48183?

A typical home in 48183 rents for about $1,398 a month, a gross rental yield of 6.6%.

What is the property tax rate in 48183?

The effective property tax rate in 48183 is 1.7% — roughly $4,303 a year on a typical home.

ZIP code 48183 has a population of 41,765 and a median household income of $83,508.

HousingHandbookReference data

…

U.S. ZIP Code · MI48183

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$255,680^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +5.0%
10-year / yr: +6.0%

Relative price

vs U.S.: -10.0%
vs metro: -15.5%
vs state: +6.9%

Price history

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

The typical home in 48183 is worth $255,680 — 15.5% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.3%. Homes here rent for a typical $1,398 a month — a 6.6% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,398^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $4,303^[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: 41,765^[3]
Median household income: $83,508^[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: 10
Elementary: 7
Middle: 1
High: 1

Trenton High School
High · Grades 9–12 · Trenton Public Schools
839 students
Patrick Henry Middle School
Secondary · Grades 8–9 · Woodhaven-Brownstown School District
810 students
Jesse L Anderson Elementary School
Elementary · Grades PK–5 · Trenton Public Schools
617 students
Boyd W Arthurs Middle School
Middle · Grades 6–8 · Trenton Public Schools
553 students
Richard C Hedke Elem School
Elementary · Grades PK–5 · Trenton Public Schools
537 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 yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$16,779

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$1,293

Loan principal$204,544

Down payment$51,136

Total interest paid$260,885

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 ratio1.33

Monthly cost to own$1,864

Monthly rent$1,398

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: 42nd percentile^[1]
Rental yield: 43rd percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48183?: The typical home in 48183 is worth $255,680, based on the Zillow Home Value Index.
Are home values rising in 48183?: Home values in 48183 are up 3.3% over the past year, and up 5.0% a year over five years.
What is the typical rent in 48183?: A typical home in 48183 rents for about $1,398 a month, a gross rental yield of 6.6%.
What is the property tax rate in 48183?: The effective property tax rate in 48183 is 1.7% — roughly $4,303 a year on a typical home.
Who lives in 48183?: ZIP code 48183 has a population of 41,765 and a median household income of $83,508.

#Comparable ZIPs

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

48421 vs 48183 →
Millers Lake CDP, MI
Typical home
$255,720
Gross yield
—
48328 vs 48183 →
MI
Typical home
$256,510
Gross yield
6.1%
48001
Pearl Beach CDP, MI
Typical home
$254,484
Gross yield
—
48120
Dearborn, MI
Typical home
$253,840
Gross yield
—
48034
Southfield, MI
Typical home
$259,290
Gross yield
6.6%
48014
Capac, MI
Typical home
$250,076
Gross yield
—

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

Compare ZIPs

Pit ZIP 48183 against any other ZIP — full side-by-side table.

Compare 48183 →

#Jump to section

U.S. ZIP Code · MI48183

Get more data on ZIPs like this

Get more data on ZIPs like this