U.S. ZIP Code · MI48206
Wayne County · Detroit-Warren-Dearborn, MI
Appreciation
- 1-year
- -14.2%
- 5-year / yr
- -0.4%
- 10-year / yr
- +6.4%
Relative price
- vs U.S.
- -68.3%
- vs metro
- -70.3%
- vs state
- -62.4%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 48206 is worth $89,916 — 70.3% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 14.2%. Homes here rent for a typical $1,273 a month — a 17.0% gross rental yield. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 3
- Elementary
- 2
- Middle
- 0
- High
- 1
Durfee ElementaryMiddle School
Elementary · Grades PK–8 · Detroit Public Schools Community District
633 students
Thirkell ElementaryMiddle School
Elementary · Grades PK–8 · Detroit Public Schools Community District
462 students
Central High School
High · Grades 9–12 · Detroit Public Schools Community District
392 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 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.
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.
Owning 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.
Frequently asked
- How much is a home worth in ZIP code 48206?
- The typical home in 48206 is worth $89,916, based on the Zillow Home Value Index.
- Are home values rising in 48206?
- Home values in 48206 are down 14.2% over the past year, and down 0.4% a year over five years.
- What is the typical rent in 48206?
- A typical home in 48206 rents for about $1,273 a month, a gross rental yield of 17.0%.
- What is the property tax rate in 48206?
- The effective property tax rate in 48206 is 0.9% — roughly $793 a year on a typical home.
- Who lives in 48206?
- ZIP code 48206 has a population of 15,227 and a median household income of $45,046.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Detroit, MI
- Typical home
- $89,818
- Gross yield
- 13.4%
Detroit, MI
- Typical home
- $90,152
- Gross yield
- 16.2%
Detroit, MI
- Typical home
- $89,148
- Gross yield
- 17.5%
Detroit, MI
- Typical home
- $88,710
- Gross yield
- 16.4%
Detroit, MI
- Typical home
- $92,918
- Gross yield
- 16.9%
River Rouge, MI
- Typical home
- $86,558
- Gross yield
- —
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