How much is a home worth in ZIP code 48335?

The typical home in 48335 is worth $427,687, based on the Zillow Home Value Index.

Are home values rising in 48335?

Home values in 48335 are up 3.3% over the past year, and up 5.3% a year over five years.

What is the typical rent in 48335?

A typical home in 48335 rents for about $1,186 a month, a gross rental yield of 3.3%.

What is the property tax rate in 48335?

The effective property tax rate in 48335 is 1.6% — roughly $6,737 a year on a typical home.

ZIP code 48335 has a population of 25,077 and a median household income of $99,439.

HousingHandbookReference data

…

U.S. ZIP Code · MI48335

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$427,687^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +5.3%
10-year / yr: +5.6%

Relative price

vs U.S.: +50.6%
vs metro: +41.3%
vs state: +78.9%

Price history

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

The typical home in 48335 is worth $427,687 — 41.3% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.3%. Homes here rent for a typical $1,186 a month — a 3.3% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,186^[2]
Gross yield: 3.3%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $6,737^[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: 25,077^[3]
Median household income: $99,439^[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: 5
Elementary: 3
Middle: 1
High: 1

Hillside Elementary School
Elementary · Grades K–5 · Farmington Public School District
636 students
Power Middle School
Middle · Grades 6–8 · Farmington Public School District
617 students
Gill Elementary School
Elementary · Grades PK–5 · Farmington Public School District
516 students
Longacre Elementary School
Elementary · Grades K–5 · Farmington Public School District
454 students
Oakland FlexTech High School
High · Grades 9–12 · Oakland FlexTech High School
195 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 yield3.3%

Net yield (after ~40% expenses)2.0%

Annual rent$14,228

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$2,163

Loan principal$342,150

Down payment$85,537

Total interest paid$436,393

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 ratio2.60

Monthly cost to own$3,082

Monthly rent$1,186

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: 60th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 82nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48335?: The typical home in 48335 is worth $427,687, based on the Zillow Home Value Index.
Are home values rising in 48335?: Home values in 48335 are up 3.3% over the past year, and up 5.3% a year over five years.
What is the typical rent in 48335?: A typical home in 48335 rents for about $1,186 a month, a gross rental yield of 3.3%.
What is the property tax rate in 48335?: The effective property tax rate in 48335 is 1.6% — roughly $6,737 a year on a typical home.
Who lives in 48335?: ZIP code 48335 has a population of 25,077 and a median household income of $99,439.

#Comparable ZIPs

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

48065 vs 48335 →
Romeo, MI
Typical home
$429,526
Gross yield
—
48096 vs 48335 →
MI
Typical home
$424,612
Gross yield
—
48360
MI
Typical home
$423,444
Gross yield
—
48383
MI
Typical home
$423,153
Gross yield
5.8%
48350
MI
Typical home
$434,455
Gross yield
—
48316
MI
Typical home
$420,544
Gross yield
5.1%

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Pit ZIP 48335 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48335

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