HousingHandbookReference data

U.S. ZIP Code · MI48322

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$418,042[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.8%
5-year / yr
+4.4%
10-year / yr
+5.1%

Relative price

vs U.S.
+47.2%
vs metro
+38.1%
vs state
+74.8%
ZIP 48322 location in MI
Location of ZIP 48322 in MI

Price history

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

The typical home in 48322 is worth $418,042 — 38.1% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 1.8%. Homes here rent for a typical $2,103 a month — a 6.0% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent
$2,103[2]
Gross yield
6.0%[2]
Cap rate
3.6%[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$4,842[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
32,885[3]
Median household income
$113,865[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
3
Elementary
0
Middle
1
High
0
  • West Bloomfield Middle School

    Middle · Grades 6–8 · West Bloomfield School District

    976 students

  • West Bloomfield Transition Center

    Ungraded · West Bloomfield School District

    15 students

  • Project Search

    Ungraded · West Bloomfield School District

    3 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.

Gross yield6.0%
Net yield (after ~40% expenses)3.6%
Annual rent$25,242

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.

Monthly payment$2,114
Loan principal$334,434
Down payment$83,608
Total interest paid$426,552

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.

Own : rent ratio1.36
Monthly cost to own$2,866
Monthly rent$2,103

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
23rd percentile[1]
Rental yield
31st percentile[2]
Property tax
41st percentile[3]

Frequently asked

How much is a home worth in ZIP code 48322?
The typical home in 48322 is worth $418,042, based on the Zillow Home Value Index.
Are home values rising in 48322?
Home values in 48322 are up 1.8% over the past year, and up 4.4% a year over five years.
What is the typical rent in 48322?
A typical home in 48322 rents for about $2,103 a month, a gross rental yield of 6.0%.
What is the property tax rate in 48322?
The effective property tax rate in 48322 is 1.2% — roughly $4,842 a year on a typical home.
Who lives in 48322?
ZIP code 48322 has a population of 32,885 and a median household income of $113,865.

#Comparable ZIPs

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

  • Rochester Hills, MI

    Typical home
    $418,596
    Gross yield
    4.7%
  • MI

    Typical home
    $417,427
    Gross yield
    6.3%
  • Detroit, MI

    Typical home
    $418,805
    Gross yield
    4.3%
  • MI

    Typical home
    $420,544
    Gross yield
    5.1%
  • Oxford, MI

    Typical home
    $414,771
    Gross yield
    3.7%
  • MI

    Typical home
    $423,153
    Gross yield
    5.8%

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

Compare ZIPs

Pit ZIP 48322 against any other ZIP — full side-by-side table.

Compare 48322

#Jump to section