How much is a home worth in ZIP code 48239?

The typical home in 48239 is worth $176,437, based on the Zillow Home Value Index.

Are home values rising in 48239?

Home values in 48239 are up 1.2% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48239?

A typical home in 48239 rents for about $1,593 a month, a gross rental yield of 10.8%.

What is the property tax rate in 48239?

The effective property tax rate in 48239 is 1.6% — roughly $2,842 a year on a typical home.

ZIP code 48239 has a population of 36,976 and a median household income of $71,151.

HousingHandbookReference data

…

U.S. ZIP Code · MI48239

Wayne County · Detroit-Warren-Dearborn, MI

Typical home value

$176,437^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.2%
5-year / yr: +5.5%
10-year / yr: +9.6%

Relative price

vs U.S.: -37.9%
vs metro: -41.7%
vs state: -26.2%

Price history

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

The typical home in 48239 is worth $176,437 — 41.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 1.2%. Homes here rent for a typical $1,593 a month — a 10.8% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,593^[2]
Gross yield: 10.8%^[2]
Cap rate: 6.5%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $2,842^[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: 36,976^[3]
Median household income: $71,151^[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: 6
Middle: 2
High: 3

Lee M Thurston High School
High · Grades 9–12 · South Redford School District
867 students
Westfield Preparatory High School
High · Grades 7–12 · Westfield Charter Academy
846 students
Westfield Charter Academy
Elementary · Grades K–6 · Westfield Charter Academy
698 students
WashingtonParks Academy
Elementary · Grades K–8 · Washington-Parks Academy
604 students
John D Pierce Middle School
Middle · Grades 6–8 · South Redford School District
586 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 yield10.8%

Net yield (after ~40% expenses)6.5%

Annual rent$19,120

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$892

Loan principal$141,149

Down payment$35,287

Total interest paid$180,028

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 ratio0.80

Monthly cost to own$1,276

Monthly rent$1,593

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: 69th percentile^[1]
Rental yield: 79th percentile^[2]
Property tax: 85th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48239?: The typical home in 48239 is worth $176,437, based on the Zillow Home Value Index.
Are home values rising in 48239?: Home values in 48239 are up 1.2% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48239?: A typical home in 48239 rents for about $1,593 a month, a gross rental yield of 10.8%.
What is the property tax rate in 48239?: The effective property tax rate in 48239 is 1.6% — roughly $2,842 a year on a typical home.
Who lives in 48239?: ZIP code 48239 has a population of 36,976 and a median household income of $71,151.

#Comparable ZIPs

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

48180 vs 48239 →
Taylor, MI
Typical home
$177,981
Gross yield
9.4%
48184 vs 48239 →
Wayne, MI
Typical home
$174,631
Gross yield
8.3%
48202
Detroit, MI
Typical home
$178,276
Gross yield
9.6%
48043
Mount Clemens, MI
Typical home
$178,471
Gross yield
7.6%
48060
Port Huron, MI
Typical home
$172,604
Gross yield
7.4%
48066
Roseville, MI
Typical home
$172,245
Gross yield
9.2%

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

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Pit ZIP 48239 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48239

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