How much is a home worth in ZIP code 48228?

The typical home in 48228 is worth $69,494, based on the Zillow Home Value Index.

Are home values rising in 48228?

Home values in 48228 are up 5.5% over the past year, and up 6.4% a year over five years.

What is the typical rent in 48228?

A typical home in 48228 rents for about $1,137 a month, a gross rental yield of 19.6%.

What is the property tax rate in 48228?

The effective property tax rate in 48228 is 1.7% — roughly $1,152 a year on a typical home.

ZIP code 48228 has a population of 50,117 and a median household income of $30,680.

HousingHandbookReference data

…

U.S. ZIP Code · MI48228

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$69,494^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.5%
5-year / yr: +6.4%
10-year / yr: +11.4%

Relative price

vs U.S.: -75.5%
vs metro: -77.0%
vs state: -70.9%

Price history

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

The typical home in 48228 is worth $69,494 — 77.0% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 5.5%. Homes here rent for a typical $1,137 a month — a 19.6% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,137^[2]
Gross yield: 19.6%^[2]
Cap rate: 11.8%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $1,152^[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: 50,117^[3]
Median household income: $30,680^[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: 13
Elementary: 9
Middle: 0
High: 4

Detroit Premier Academy
Elementary · Grades K–8 · Detroit Premier Academy
703 students
Warrendale Charter Academy
Elementary · Grades K–8 · Warrendale Charter Academy
676 students
Henderson Academy
Elementary · Grades PK–8 · Detroit Public Schools Community District
556 students
Cody High School
High · Grades 9–12 · Detroit Public Schools Community District
520 students
Carver STEM Academy
Elementary · Grades PK–8 · Detroit Public Schools Community District
472 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 yield19.6%

Net yield (after ~40% expenses)11.8%

Annual rent$13,639

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$351

Loan principal$55,595

Down payment$13,899

Total interest paid$70,909

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 ratio0.44

Monthly cost to own$505

Monthly rent$1,137

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: 94th percentile^[1]
Rental yield: 94th percentile^[2]
Property tax: 90th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 48228?: The typical home in 48228 is worth $69,494, based on the Zillow Home Value Index.
Are home values rising in 48228?: Home values in 48228 are up 5.5% over the past year, and up 6.4% a year over five years.
What is the typical rent in 48228?: A typical home in 48228 rents for about $1,137 a month, a gross rental yield of 19.6%.
What is the property tax rate in 48228?: The effective property tax rate in 48228 is 1.7% — roughly $1,152 a year on a typical home.
Who lives in 48228?: ZIP code 48228 has a population of 50,117 and a median household income of $30,680.

#Comparable ZIPs

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

48210 vs 48228 →
Detroit, MI
Typical home
$70,089
Gross yield
—
48227 vs 48228 →
Detroit, MI
Typical home
$68,707
Gross yield
22.1%
48217
Detroit, MI
Typical home
$59,888
Gross yield
—
48203
Detroit, MI
Typical home
$59,497
Gross yield
22.7%
48760
MI
Typical home
$81,159
Gross yield
—
48229
Ecorse, MI
Typical home
$82,076
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48228

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