How much is a home worth in ZIP code 48328?

The typical home in 48328 is worth $256,510, based on the Zillow Home Value Index.

Are home values rising in 48328?

Home values in 48328 are up 3.8% over the past year, and up 4.8% a year over five years.

What is the typical rent in 48328?

A typical home in 48328 rents for about $1,299 a month, a gross rental yield of 6.1%.

What is the property tax rate in 48328?

The effective property tax rate in 48328 is 1.1% — roughly $2,880 a year on a typical home.

ZIP code 48328 has a population of 24,478 and a median household income of $72,299.

HousingHandbookReference data

…

U.S. ZIP Code · MI48328

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$256,510^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +4.8%
10-year / yr: +6.7%

Relative price

vs U.S.: -9.7%
vs metro: -15.2%
vs state: +7.3%

Price history

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

The typical home in 48328 is worth $256,510 — 15.2% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,299 a month — a 6.1% 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: $1,299^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $2,880^[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: 24,478^[3]
Median household income: $72,299^[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: 8
Elementary: 3
Middle: 0
High: 2

Oakside Prep Academy
Other · Grades K–11 · Oakside Prep Academy
1,362 students
Waterford Mott High School
High · Grades 9–12 · Waterford School District
1,076 students
Donelson Hills Elementary School
Elementary · Grades K–5 · Waterford School District
350 students
Virtual Learning Academy Consortium
Other · Grades K–12 · Oakland Schools
290 students
Waterford Montessori Academy
Elementary · Grades K–8 · Waterford Montessori Academy
217 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 yield6.1%

Net yield (after ~40% expenses)3.6%

Annual rent$15,589

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$1,297

Loan principal$205,208

Down payment$51,302

Total interest paid$261,732

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 ratio1.35

Monthly cost to own$1,750

Monthly rent$1,299

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: 35th percentile^[1]
Rental yield: 32nd percentile^[2]
Property tax: 37th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48328?: The typical home in 48328 is worth $256,510, based on the Zillow Home Value Index.
Are home values rising in 48328?: Home values in 48328 are up 3.8% over the past year, and up 4.8% a year over five years.
What is the typical rent in 48328?: A typical home in 48328 rents for about $1,299 a month, a gross rental yield of 6.1%.
What is the property tax rate in 48328?: The effective property tax rate in 48328 is 1.1% — roughly $2,880 a year on a typical home.
Who lives in 48328?: ZIP code 48328 has a population of 24,478 and a median household income of $72,299.

#Comparable ZIPs

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

48421 vs 48328 →
Millers Lake CDP, MI
Typical home
$255,720
Gross yield
—
48183 vs 48328 →
Trenton, MI
Typical home
$255,680
Gross yield
6.6%
48001
Pearl Beach CDP, MI
Typical home
$254,484
Gross yield
—
48120
Dearborn, MI
Typical home
$253,840
Gross yield
—
48034
Southfield, MI
Typical home
$259,290
Gross yield
6.6%
48461
North Branch, MI
Typical home
$261,684
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48328

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