HousingHandbookReference data

U.S. ZIP Code · MI48327

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$279,811[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.1%
5-year / yr
+4.9%
10-year / yr
+6.5%

Relative price

vs U.S.
-1.5%
vs metro
-7.5%
vs state
+17.0%
ZIP 48327 location in MI
Location of ZIP 48327 in MI

Price history

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

The typical home in 48327 is worth $279,811 — 7.5% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.1%. Homes here rent for a typical $1,665 a month — a 7.1% 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
$1,665[2]
Gross yield
7.1%[2]
Cap rate
4.3%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$2,918[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
20,960[3]
Median household income
$74,788[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
4
Elementary
4
Middle
0
High
0
  • Haviland Elementary School

    Elementary · Grades PK–5 · Waterford School District

    351 students

  • Riverside Elementary School

    Elementary · Grades PK–5 · Waterford School District

    306 students

  • Beaumont Elementary School

    Elementary · Grades PK–5 · Waterford School District

    284 students

  • Knudsen Elementary School

    Elementary · Grades K–5 · Waterford School District

    243 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 yield7.1%
Net yield (after ~40% expenses)4.3%
Annual rent$19,980

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$1,415
Loan principal$223,849
Down payment$55,962
Total interest paid$285,507

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 ratio1.14
Monthly cost to own$1,891
Monthly rent$1,665

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
39th percentile[1]
Rental yield
51st percentile[2]
Property tax
28th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48327?
The typical home in 48327 is worth $279,811, based on the Zillow Home Value Index.
Are home values rising in 48327?
Home values in 48327 are up 4.1% over the past year, and up 4.9% a year over five years.
What is the typical rent in 48327?
A typical home in 48327 rents for about $1,665 a month, a gross rental yield of 7.1%.
What is the property tax rate in 48327?
The effective property tax rate in 48327 is 1.0% — roughly $2,918 a year on a typical home.
Who lives in 48327?
ZIP code 48327 has a population of 20,960 and a median household income of $74,788.

#Comparable ZIPs

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

  • Livonia, MI

    Typical home
    $280,801
    Gross yield
  • Imlay City, MI

    Typical home
    $282,108
    Gross yield
  • Auburn Hills, MI

    Typical home
    $283,834
    Gross yield
    7.0%
  • Ruby CDP, MI

    Typical home
    $287,371
    Gross yield
  • Clawson, MI

    Typical home
    $289,204
    Gross yield
    7.3%
  • Gibraltar, MI

    Typical home
    $269,344
    Gross yield
    5.1%

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