How much is a home worth in ZIP code 48236?

The typical home in 48236 is worth $402,167, based on the Zillow Home Value Index.

Are home values rising in 48236?

Home values in 48236 are up 4.6% over the past year, and up 5.0% a year over five years.

What is the typical rent in 48236?

A typical home in 48236 rents for about $2,150 a month, a gross rental yield of 6.4%.

What is the property tax rate in 48236?

The effective property tax rate in 48236 is 1.7% — roughly $6,889 a year on a typical home.

ZIP code 48236 has a population of 31,435 and a median household income of $128,242.

HousingHandbookReference data

…

U.S. ZIP Code · MI48236

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$402,167^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.6%
5-year / yr: +5.0%
10-year / yr: +5.6%

Relative price

vs U.S.: +41.6%
vs metro: +32.9%
vs state: +68.2%

Price history

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

The typical home in 48236 is worth $402,167 — 32.9% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.6%. Homes here rent for a typical $2,150 a month — a 6.4% 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: $2,150^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $6,889^[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: 31,435^[3]
Median household income: $128,242^[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: 10
Elementary: 6
Middle: 2
High: 2

Grosse Pointe South High School
High · Grades 9–12 · Grosse Pointe Public Schools
1,164 students
Grosse Pointe North High School
High · Grades 9–12 · Grosse Pointe Public Schools
1,007 students
Parcells Middle School
Middle · Grades 5–8 · Grosse Pointe Public Schools
669 students
Brownell Middle School
Middle · Grades 5–8 · Grosse Pointe Public Schools
586 students
John Monteith Elementary School
Elementary · Grades K–4 · Grosse Pointe Public Schools
455 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 yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$25,800

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$2,034

Loan principal$321,734

Down payment$80,433

Total interest paid$410,354

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 ratio1.37

Monthly cost to own$2,942

Monthly rent$2,150

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: 42nd percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48236?: The typical home in 48236 is worth $402,167, based on the Zillow Home Value Index.
Are home values rising in 48236?: Home values in 48236 are up 4.6% over the past year, and up 5.0% a year over five years.
What is the typical rent in 48236?: A typical home in 48236 rents for about $2,150 a month, a gross rental yield of 6.4%.
What is the property tax rate in 48236?: The effective property tax rate in 48236 is 1.7% — roughly $6,889 a year on a typical home.
Who lives in 48236?: ZIP code 48236 has a population of 31,435 and a median household income of $128,242.

#Comparable ZIPs

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

48357 vs 48236 →
MI
Typical home
$402,635
Gross yield
—
48359 vs 48236 →
Auburn Hills, MI
Typical home
$403,116
Gross yield
—
48187
MI
Typical home
$403,277
Gross yield
5.4%
48462
Ortonville, MI
Typical home
$400,632
Gross yield
—
48169
Pinckney, MI
Typical home
$399,059
Gross yield
—
48138
MI
Typical home
$397,586
Gross yield
—

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Pit ZIP 48236 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48236

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