How much is a home worth in ZIP code 48302?

The typical home in 48302 is worth $729,051, based on the Zillow Home Value Index.

Are home values rising in 48302?

Home values in 48302 are up 5.2% over the past year, and up 5.4% a year over five years.

What is the typical rent in 48302?

A typical home in 48302 rents for about $2,060 a month, a gross rental yield of 3.4%.

What is the property tax rate in 48302?

The effective property tax rate in 48302 is 1.3% — roughly $9,752 a year on a typical home.

ZIP code 48302 has a population of 17,505 and a median household income of $178,103.

HousingHandbookReference data

…

U.S. ZIP Code · MI48302

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$729,051^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.2%
5-year / yr: +5.4%
10-year / yr: +5.0%

Relative price

vs U.S.: +156.6%
vs metro: +140.9%
vs state: +204.9%

Price history

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

The typical home in 48302 is worth $729,051 — 140.9% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 5.2%. Homes here rent for a typical $2,060 a month — a 3.4% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $2,060^[2]
Gross yield: 3.4%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $9,752^[3]

#Climate risk

FEMA National Risk Index ratings for Oakland County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 17,505^[3]
Median household income: $178,103^[3]

#Migration

Household moves in and out of Oakland County over a year, from IRS tax-return data.

Net migration: -3,230^[5]
Moved in: 30,811
Moved out: 34,041

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 2
High: 1

Bloomfield Hills High School
High · Grades 9–12 · Bloomfield Hills Schools
1,567 students
South Hills Middle School
Middle · Grades 4–8 · Bloomfield Hills Schools
609 students
North Hills Middle School
Middle · Grades 4–8 · Bloomfield Hills Schools
563 students
Conant Elementary School
Elementary · Grades PK–5 · Bloomfield Hills Schools
500 students
Way Elementary School
Elementary · Grades K–5 · Bloomfield Hills Schools
473 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 yield3.4%

Net yield (after ~40% expenses)2.0%

Annual rent$24,722

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$3,686

Loan principal$583,241

Down payment$145,810

Total interest paid$743,892

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 ratio2.48

Monthly cost to own$5,108

Monthly rent$2,060

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: 64th percentile^[1]
Rental yield: 2nd percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48302?: The typical home in 48302 is worth $729,051, based on the Zillow Home Value Index.
Are home values rising in 48302?: Home values in 48302 are up 5.2% over the past year, and up 5.4% a year over five years.
What is the typical rent in 48302?: A typical home in 48302 rents for about $2,060 a month, a gross rental yield of 3.4%.
What is the property tax rate in 48302?: The effective property tax rate in 48302 is 1.3% — roughly $9,752 a year on a typical home.
Who lives in 48302?: ZIP code 48302 has a population of 17,505 and a median household income of $178,103.

#Comparable ZIPs

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

48009 vs 48302 →
Birmingham, MI
Typical home
$737,952
Gross yield
5.8%
48363 vs 48302 →
MI
Typical home
$696,417
Gross yield
—
48374
Novi, MI
Typical home
$681,280
Gross yield
—
48301
MI
Typical home
$778,836
Gross yield
—
48168
Northville, MI
Typical home
$656,875
Gross yield
—
48025
Beverly Hills, MI
Typical home
$633,335
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48302

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