HousingHandbookReference data

U.S. ZIP Code · MI48334

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$359,090[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+5.3%
10-year / yr
+6.1%

Relative price

vs U.S.
+26.4%
vs metro
+18.6%
vs state
+50.2%
ZIP 48334 location in MI
Location of ZIP 48334 in MI

Price history

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

The typical home in 48334 is worth $359,090 — 18.6% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.5%. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.4%[3]
Typical annual tax
$5,136[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
19,618[3]
Median household income
$102,228[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
4
Middle
1
High
3
  • North Farmington High School

    High · Grades 9–12 · Farmington Public School District

    1,229 students

  • Farmington STEAM Academy

    Elementary · Grades K–8 · Farmington Public School District

    722 students

  • Warner Middle School

    Middle · Grades 6–8 · Farmington Public School District

    543 students

  • Wood Creek Elementary School

    Elementary · Grades K–5 · Farmington Public School District

    429 students

  • Kenbrook Elementary School

    Elementary · Grades K–5 · Farmington Public School District

    398 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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,816
Loan principal$287,272
Down payment$71,818
Total interest paid$366,400

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 ratio
Monthly cost to own$2,543
Monthly rent

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
55th percentile[1]
Rental yield
[2]
Property tax
69th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48334?
The typical home in 48334 is worth $359,090, based on the Zillow Home Value Index.
Are home values rising in 48334?
Home values in 48334 are up 3.5% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 48334?
The effective property tax rate in 48334 is 1.4% — roughly $5,136 a year on a typical home.
Who lives in 48334?
ZIP code 48334 has a population of 19,618 and a median household income of $102,228.

#Comparable ZIPs

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

  • Almont, MI

    Typical home
    $359,283
    Gross yield
  • MI

    Typical home
    $360,246
    Gross yield
  • Sterling Heights, MI

    Typical home
    $360,764
    Gross yield
  • Troy, MI

    Typical home
    $361,816
    Gross yield
    5.8%
  • Village of Clarkston, MI

    Typical home
    $365,808
    Gross yield
    5.7%
  • MI

    Typical home
    $351,628
    Gross yield

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