U.S. ZIP Code · MI48340
Oakland County · Detroit-Warren-Dearborn, MI
Appreciation
- 1-year
- +4.0%
- 5-year / yr
- +5.3%
- 10-year / yr
- +11.4%
Relative price
- vs U.S.
- -50.3%
- vs metro
- -53.3%
- vs state
- -40.9%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 48340 is worth $141,215 — 53.3% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.0%. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 9
- Elementary
- 3
- Middle
- 1
- High
- 4
Pontiac High School
High · Grades 9–12 · Pontiac City School District
942 students
Walton Charter Academy
Elementary · Grades K–8 · Walton Charter Academy
781 students
Pontiac Middle School
Middle · Grades 6–8 · Pontiac City School District
768 students
Owen Elementary School
Elementary · Grades K–6 · Pontiac City School District
319 students
Alcott School
Elementary · Grades K–5 · Pontiac City School District
281 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 48340?
- The typical home in 48340 is worth $141,215, based on the Zillow Home Value Index.
- Are home values rising in 48340?
- Home values in 48340 are up 4.0% over the past year, and up 5.3% a year over five years.
- What is the property tax rate in 48340?
- The effective property tax rate in 48340 is 0.9% — roughly $1,297 a year on a typical home.
- Who lives in 48340?
- ZIP code 48340 has a population of 25,669 and a median household income of $47,891.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Melvindale, MI
- Typical home
- $141,352
- Gross yield
- 9.2%
Detroit, MI
- Typical home
- $135,591
- Gross yield
- 12.1%
Detroit, MI
- Typical home
- $147,426
- Gross yield
- 12.0%
Warren, MI
- Typical home
- $131,032
- Gross yield
- 12.1%
Detroit, MI
- Typical home
- $131,031
- Gross yield
- 12.7%
Pontiac, MI
- Typical home
- $130,942
- Gross yield
- 12.1%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 48340 against any other ZIP — full side-by-side table.
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