How much is a home worth in ZIP code 48214?

The typical home in 48214 is worth $89,148, based on the Zillow Home Value Index.

Are home values rising in 48214?

Home values in 48214 are down 17.3% over the past year, and down 8.0% a year over five years.

What is the typical rent in 48214?

A typical home in 48214 rents for about $1,303 a month, a gross rental yield of 17.5%.

What is the property tax rate in 48214?

The effective property tax rate in 48214 is 1.1% — roughly $968 a year on a typical home.

ZIP code 48214 has a population of 18,595 and a median household income of $33,544.

HousingHandbookReference data

…

U.S. ZIP Code · MI48214

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$89,148^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -17.3%
5-year / yr: -8.0%
10-year / yr: +2.3%

Relative price

vs U.S.: -68.6%
vs metro: -70.5%
vs state: -62.7%

Price history

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

The typical home in 48214 is worth $89,148 — 70.5% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 17.3%. Homes here rent for a typical $1,303 a month — a 17.5% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,303^[2]
Gross yield: 17.5%^[2]
Cap rate: 10.5%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $968^[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: 18,595^[3]
Median household income: $33,544^[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: 11
Elementary: 8
Middle: 1
High: 2

Detroit Enterprise Academy
Elementary · Grades K–8 · Detroit Enterprise Academy
759 students
Southeastern High School
High · Grades 9–12 · Detroit Public Schools Community District
636 students
Detroit Prep
Elementary · Grades K–8 · Detroit Achievement Academy
448 students
Garvey Academy
Elementary · Grades PK–8 · Detroit Public Schools Community District
409 students
Hutchinson ElementaryMiddle School
Elementary · Grades PK–8 · Detroit Public Schools Community District
369 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 yield17.5%

Net yield (after ~40% expenses)10.5%

Annual rent$15,637

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$451

Loan principal$71,319

Down payment$17,830

Total interest paid$90,963

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 ratio0.47

Monthly cost to own$606

Monthly rent$1,303

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: 0th percentile^[1]
Rental yield: 93rd percentile^[2]
Property tax: 33rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48214?: The typical home in 48214 is worth $89,148, based on the Zillow Home Value Index.
Are home values rising in 48214?: Home values in 48214 are down 17.3% over the past year, and down 8.0% a year over five years.
What is the typical rent in 48214?: A typical home in 48214 rents for about $1,303 a month, a gross rental yield of 17.5%.
What is the property tax rate in 48214?: The effective property tax rate in 48214 is 1.1% — roughly $968 a year on a typical home.
Who lives in 48214?: ZIP code 48214 has a population of 18,595 and a median household income of $33,544.

#Comparable ZIPs

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

48223 vs 48214 →
Detroit, MI
Typical home
$88,710
Gross yield
16.4%
48209 vs 48214 →
Detroit, MI
Typical home
$89,818
Gross yield
13.4%
48206
Detroit, MI
Typical home
$89,916
Gross yield
17.0%
48219
Detroit, MI
Typical home
$90,152
Gross yield
16.2%
48218
River Rouge, MI
Typical home
$86,558
Gross yield
—
48235
Detroit, MI
Typical home
$92,918
Gross yield
16.9%

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

Compare ZIPs

Pit ZIP 48214 against any other ZIP — full side-by-side table.

Compare 48214 →

#Articles featuring this ZIP

Explainers, guides, and lists that use 48214 as an example.

Listicle
Where US Home Prices Are Falling Most: 10 ZIPs Down 17-30% in 12 Months
The ZIP codes with the steepest 12-month home-value declines, the regional patterns behind them, and a hard look at why 'buy the dip' is rarely the right move in markets like these.

#Jump to section

U.S. ZIP Code · MI48214

Get more data on ZIPs like this

Get more data on ZIPs like this