How much is a home worth in ZIP code 48317?

The typical home in 48317 is worth $300,671, based on the Zillow Home Value Index.

Are home values rising in 48317?

Home values in 48317 are up 2.7% over the past year, and up 4.1% a year over five years.

What is the typical rent in 48317?

A typical home in 48317 rents for about $1,391 a month, a gross rental yield of 5.6%.

What is the property tax rate in 48317?

The effective property tax rate in 48317 is 1.0% — roughly $2,977 a year on a typical home.

ZIP code 48317 has a population of 27,565 and a median household income of $72,917.

HousingHandbookReference data

…

U.S. ZIP Code · MI48317

Macomb County · Detroit-Warren-Dearborn, MI

Typical home value

$300,671^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.7%
5-year / yr: +4.1%
10-year / yr: +5.8%

Relative price

vs U.S.: +5.8%
vs metro: ≈ metro median
vs state: +25.8%

Price history

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

The typical home in 48317 is worth $300,671. Over the past year, values have risen 2.7%. Homes here rent for a typical $1,391 a month — a 5.6% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,391^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,977^[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: 27,565^[3]
Median household income: $72,917^[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: 5
Elementary: 3
Middle: 1
High: 1

Utica High School
High · Grades 9–12 · Utica Community Schools
1,372 students
Eppler Junior High School
Middle · Grades 7–9 · Utica Community Schools
627 students
Wiley Elementary School
Elementary · Grades PK–6 · Utica Community Schools
533 students
West Utica Elementary School
Elementary · Grades PK–6 · Utica Community Schools
496 students
Flickinger Elementary School
Elementary · Grades PK–6 · Utica Community Schools
428 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$16,688

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$1,520

Loan principal$240,537

Down payment$60,134

Total interest paid$306,792

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 ratio1.45

Monthly cost to own$2,019

Monthly rent$1,391

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: 19th percentile^[1]
Rental yield: 23rd percentile^[2]
Property tax: 22nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48317?: The typical home in 48317 is worth $300,671, based on the Zillow Home Value Index.
Are home values rising in 48317?: Home values in 48317 are up 2.7% over the past year, and up 4.1% a year over five years.
What is the typical rent in 48317?: A typical home in 48317 rents for about $1,391 a month, a gross rental yield of 5.6%.
What is the property tax rate in 48317?: The effective property tax rate in 48317 is 1.0% — roughly $2,977 a year on a typical home.
Who lives in 48317?: ZIP code 48317 has a population of 27,565 and a median household income of $72,917.

#Comparable ZIPs

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

48313 vs 48317 →
Sterling Heights, MI
Typical home
$299,027
Gross yield
5.9%
48412 vs 48317 →
Attica CDP, MI
Typical home
$302,657
Gross yield
—
48076
Southfield, MI
Typical home
$297,521
Gross yield
7.2%
48336
Farmington Hills, MI
Typical home
$304,581
Gross yield
6.6%
48320
Keego Harbor, MI
Typical home
$305,391
Gross yield
—
48312
Sterling Heights, MI
Typical home
$294,588
Gross yield
7.0%

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Compare ZIPs

Pit ZIP 48317 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48317

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