How much is a home worth in ZIP code 48316?

The typical home in 48316 is worth $420,544, based on the Zillow Home Value Index.

Are home values rising in 48316?

Home values in 48316 are up 3.0% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48316?

A typical home in 48316 rents for about $1,774 a month, a gross rental yield of 5.1%.

What is the property tax rate in 48316?

The effective property tax rate in 48316 is 1.1% — roughly $4,456 a year on a typical home.

ZIP code 48316 has a population of 28,784 and a median household income of $107,776.

HousingHandbookReference data

…

U.S. ZIP Code · MI48316

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$420,544^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.0%
5-year / yr: +5.5%
10-year / yr: +5.5%

Relative price

vs U.S.: +48.0%
vs metro: +39.0%
vs state: +75.9%

Price history

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

The typical home in 48316 is worth $420,544 — 39.0% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.0%. Homes here rent for a typical $1,774 a month — a 5.1% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,774^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $4,456^[3]

#Climate risk

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

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 28,784^[3]
Median household income: $107,776^[3]

#Migration

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

Net migration: -418^[5]
Moved in: 18,118
Moved out: 18,536

Schools

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

Public schools: 8
Elementary: 5
Middle: 2
High: 1

Eisenhower High School
High · Grades 10–12 · Utica Community Schools
1,724 students
Shelby Junior High School
Middle · Grades 7–9 · Utica Community Schools
1,075 students
Malow Junior High School
Middle · Grades 7–9 · Utica Community Schools
1,024 students
Crissman Elementary School
Elementary · Grades PK–6 · Utica Community Schools
597 students
Morgan Elementary School
Elementary · Grades PK–6 · Utica Community Schools
575 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 yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$21,293

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$2,126

Loan principal$336,435

Down payment$84,109

Total interest paid$429,104

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 ratio1.61

Monthly cost to own$2,848

Monthly rent$1,774

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: 68th percentile^[1]
Rental yield: 16th percentile^[2]
Property tax: 31st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48316?: The typical home in 48316 is worth $420,544, based on the Zillow Home Value Index.
Are home values rising in 48316?: Home values in 48316 are up 3.0% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48316?: A typical home in 48316 rents for about $1,774 a month, a gross rental yield of 5.1%.
What is the property tax rate in 48316?: The effective property tax rate in 48316 is 1.1% — roughly $4,456 a year on a typical home.
Who lives in 48316?: ZIP code 48316 has a population of 28,784 and a median household income of $107,776.

#Comparable ZIPs

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

48201 vs 48316 →
Detroit, MI
Typical home
$418,805
Gross yield
4.3%
48307 vs 48316 →
Rochester Hills, MI
Typical home
$418,596
Gross yield
4.7%
48322
Farmington Hills, MI
Typical home
$418,042
Gross yield
6.0%
48383
MI
Typical home
$423,153
Gross yield
5.8%
48360
MI
Typical home
$423,444
Gross yield
—
48044
MI
Typical home
$417,427
Gross yield
6.3%

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Pit ZIP 48316 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48316

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