HousingHandbookReference data

U.S. ZIP Code · MI48189

Washtenaw County · Ann Arbor, MI

Typical home value

$360,485[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.0%
5-year / yr
+4.4%
10-year / yr
+5.4%

Relative price

vs U.S.
+26.9%
vs metro
-12.6%
vs state
+50.8%
ZIP 48189 location in MI
Location of ZIP 48189 in MI

Price history

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

The typical home in 48189 is worth $360,485 — 12.6% below the Ann Arbor, MI median. Over the past year, values have risen 2.0%. Homes here rent for a typical $1,850 a month — a 6.2% gross rental yield. 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
$1,850[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

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

Effective tax rate
1.3%[3]
Typical annual tax
$4,574[3]

#Climate risk

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

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

#Who lives here

Population
13,893[3]
Median household income
$87,145[3]

#Migration

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

Net migration
-2,091[5]
Moved in
11,464
Moved out
13,555

Schools

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

Public schools
3
Elementary
1
Middle
0
High
1
  • Whitmore Lake Elementary School

    Elementary · Grades K–6 · Whitmore Lake Public School District

    389 students

  • Livingston Classical Academy

    Other · Grades K–12 · Livingston Classical Academy

    286 students

  • Whitmore Lake High School

    High · Grades 7–12 · Whitmore Lake Public School District

    252 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 yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$22,200

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$1,823
Loan principal$288,388
Down payment$72,097
Total interest paid$367,823

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 ratio1.35
Monthly cost to own$2,505
Monthly rent$1,850

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
45th percentile[1]
Rental yield
86th percentile[2]
Property tax
18th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48189?
The typical home in 48189 is worth $360,485, based on the Zillow Home Value Index.
Are home values rising in 48189?
Home values in 48189 are up 2.0% over the past year, and up 4.4% a year over five years.
What is the typical rent in 48189?
A typical home in 48189 rents for about $1,850 a month, a gross rental yield of 6.2%.
What is the property tax rate in 48189?
The effective property tax rate in 48189 is 1.3% — roughly $4,574 a year on a typical home.
Who lives in 48189?
ZIP code 48189 has a population of 13,893 and a median household income of $87,145.

#Comparable ZIPs

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

  • Ypsilanti, MI

    Typical home
    $347,237
    Gross yield
    4.5%
  • Manchester, MI

    Typical home
    $378,637
    Gross yield
  • Chelsea, MI

    Typical home
    $412,378
    Gross yield
  • MI

    Typical home
    $298,461
    Gross yield
  • Ann Arbor, MI

    Typical home
    $445,650
    Gross yield
    5.6%
  • Saline, MI

    Typical home
    $470,380
    Gross yield
    3.9%

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