How much is a home worth in ZIP code 48212?

The typical home in 48212 is worth $124,963, based on the Zillow Home Value Index.

Are home values rising in 48212?

Home values in 48212 are down 1.2% over the past year, and up 3.4% a year over five years.

What is the typical rent in 48212?

A typical home in 48212 rents for about $1,160 a month, a gross rental yield of 11.1%.

What is the property tax rate in 48212?

The effective property tax rate in 48212 is 0.9% — roughly $1,183 a year on a typical home.

ZIP code 48212 has a population of 43,384 and a median household income of $38,186.

HousingHandbookReference data

…

U.S. ZIP Code · MI48212

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$124,963^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.2%
5-year / yr: +3.4%
10-year / yr: +12.8%

Relative price

vs U.S.: -56.0%
vs metro: -58.7%
vs state: -47.7%

Price history

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

The typical home in 48212 is worth $124,963 — 58.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 1.2%. Homes here rent for a typical $1,160 a month — a 11.1% 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.

Monthly rent: $1,160^[2]
Gross yield: 11.1%^[2]
Cap rate: 6.7%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $1,183^[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: 43,384^[3]
Median household income: $38,186^[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: 19
Elementary: 10
Middle: 2
High: 4

Hamtramck High School
High · Grades 9–12 · Hamtramck School District of the City of
965 students
Davison ElementaryMiddle School
Elementary · Grades PK–8 · Detroit Public Schools Community District
790 students
Frontier International Academy
Other · Grades K–12 · Frontier International Academy
694 students
Hanley International Academy
Elementary · Grades PK–8 · Hanley International Academy
658 students
Bridge Academy East
Elementary · Grades PK–5 · Bridge Academy
653 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 yield11.1%

Net yield (after ~40% expenses)6.7%

Annual rent$13,920

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$632

Loan principal$99,970

Down payment$24,993

Total interest paid$127,506

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 ratio0.72

Monthly cost to own$835

Monthly rent$1,160

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.

Appreciation: 14th percentile^[1]
Rental yield: 81st percentile^[2]
Property tax: 17th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for best 10-year appreciation in MIView list →

Frequently asked

How much is a home worth in ZIP code 48212?: The typical home in 48212 is worth $124,963, based on the Zillow Home Value Index.
Are home values rising in 48212?: Home values in 48212 are down 1.2% over the past year, and up 3.4% a year over five years.
What is the typical rent in 48212?: A typical home in 48212 rents for about $1,160 a month, a gross rental yield of 11.1%.
What is the property tax rate in 48212?: The effective property tax rate in 48212 is 0.9% — roughly $1,183 a year on a typical home.
Who lives in 48212?: ZIP code 48212 has a population of 43,384 and a median household income of $38,186.

#Comparable ZIPs

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

48342 vs 48212 →
Pontiac, MI
Typical home
$130,942
Gross yield
12.1%
48208 vs 48212 →
Detroit, MI
Typical home
$131,031
Gross yield
12.7%
48089
Warren, MI
Typical home
$131,032
Gross yield
12.1%
48221
Detroit, MI
Typical home
$135,591
Gross yield
12.1%
48141
Inkster, MI
Typical home
$110,097
Gross yield
14.1%
48340
Pontiac, MI
Typical home
$141,215
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48212

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