HousingHandbookReference data

U.S. ZIP Code · MI48226

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$317,406[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-5.0%
5-year / yr
-1.6%
10-year / yr
+1.6%

Relative price

vs U.S.
+11.7%
vs metro
+4.9%
vs state
+32.8%
ZIP 48226 location in MI
Location of ZIP 48226 in MI

Price history

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

The typical home in 48226 is worth $317,406 — 4.9% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have fallen 5.0%. Homes here rent for a typical $1,841 a month — a 7.0% 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.

Monthly rent
$1,841[2]
Gross yield
7.0%[2]
Cap rate
4.2%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$2,868[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
6,831[3]
Median household income
$64,860[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
1
Elementary
0
Middle
0
High
1
  • WAY Michigan

    High · Grades 6–12 · WAY Michigan

    119 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 yield7.0%
Net yield (after ~40% expenses)4.2%
Annual rent$22,095

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$1,605
Loan principal$253,925
Down payment$63,481
Total interest paid$323,867

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 ratio1.14
Monthly cost to own$2,108
Monthly rent$1,841

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
3rd percentile[1]
Rental yield
48th percentile[2]
Property tax
11th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48226?
The typical home in 48226 is worth $317,406, based on the Zillow Home Value Index.
Are home values rising in 48226?
Home values in 48226 are down 5.0% over the past year, and down 1.6% a year over five years.
What is the typical rent in 48226?
A typical home in 48226 rents for about $1,841 a month, a gross rental yield of 7.0%.
What is the property tax rate in 48226?
The effective property tax rate in 48226 is 0.9% — roughly $2,868 a year on a typical home.
Who lives in 48226?
ZIP code 48226 has a population of 6,831 and a median household income of $64,860.

#Comparable ZIPs

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

  • Berkley, MI

    Typical home
    $317,510
    Gross yield
    6.7%
  • St. Clair, MI

    Typical home
    $316,790
    Gross yield
  • MI

    Typical home
    $318,199
    Gross yield
  • MI

    Typical home
    $316,059
    Gross yield
  • Sterling Heights, MI

    Typical home
    $320,492
    Gross yield
    6.0%
  • Walled Lake, MI

    Typical home
    $314,001
    Gross yield
    7.8%

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

Compare ZIPs

Pit ZIP 48226 against any other ZIP — full side-by-side table.

Compare 48226

#Jump to section