HousingHandbookReference data

U.S. ZIP Code · MI48211

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$56,860[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-14.8%
5-year / yr
+1.2%
10-year / yr
+6.7%

Relative price

vs U.S.
-80.0%
vs metro
-81.2%
vs state
-76.2%
ZIP 48211 location in MI
Location of ZIP 48211 in MI

Price history

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

The typical home in 48211 is worth $56,860 — 81.2% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 14.8%. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$468[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
5,419[3]
Median household income
$35,725[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
4
Elementary
2
Middle
1
High
1
  • Oakland International Academy Elementary

    Elementary · Grades 2–5 · Oakland International Academy

    573 students

  • Oakland International Academy Middle

    Middle · Grades 6–8 · Oakland International Academy

    347 students

  • Oakland International Academy K1

    Elementary · Grades PK–1 · Oakland International Academy

    310 students

  • CapstoneWayne Co Juvenile Detention Fac

    High · Grades 6–12 · Capstone Academy Charter School (SDA)

    107 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 yield
Net yield (after ~40% expenses)
Annual rent

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$288
Loan principal$45,488
Down payment$11,372
Total interest paid$58,018

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 ratio
Monthly cost to own$374
Monthly rent

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
8th percentile[1]
Rental yield
[2]
Property tax
6th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48211?
The typical home in 48211 is worth $56,860, based on the Zillow Home Value Index.
Are home values rising in 48211?
Home values in 48211 are down 14.8% over the past year, and up 1.2% a year over five years.
What is the property tax rate in 48211?
The effective property tax rate in 48211 is 0.8% — roughly $468 a year on a typical home.
Who lives in 48211?
ZIP code 48211 has a population of 5,419 and a median household income of $35,725.

#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
    $54,528
    Gross yield
    26.4%
  • Detroit, MI

    Typical home
    $59,497
    Gross yield
    22.7%
  • Detroit, MI

    Typical home
    $59,888
    Gross yield
  • Detroit, MI

    Typical home
    $53,661
    Gross yield
    26.8%
  • Detroit, MI

    Typical home
    $53,352
    Gross yield
    24.8%
  • Detroit, MI

    Typical home
    $52,542
    Gross yield
    29.1%

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