How much is a home worth in ZIP code 48342?

The typical home in 48342 is worth $130,942, based on the Zillow Home Value Index.

Are home values rising in 48342?

Home values in 48342 are up 2.2% over the past year, and up 7.2% a year over five years.

What is the typical rent in 48342?

A typical home in 48342 rents for about $1,317 a month, a gross rental yield of 12.1%.

What is the property tax rate in 48342?

The effective property tax rate in 48342 is 1.0% — roughly $1,326 a year on a typical home.

ZIP code 48342 has a population of 17,564 and a median household income of $35,253.

HousingHandbookReference data

…

U.S. ZIP Code · MI48342

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$130,942^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +7.2%
10-year / yr: +12.8%

Relative price

vs U.S.: -53.9%
vs metro: -56.7%
vs state: -45.2%

Price history

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

The typical home in 48342 is worth $130,942 — 56.7% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.2%. Homes here rent for a typical $1,317 a month — a 12.1% 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: $1,317^[2]
Gross yield: 12.1%^[2]
Cap rate: 7.2%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $1,326^[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: 17,564^[3]
Median household income: $35,253^[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: 0
High: 1

Whitman Elementary School
Elementary · Grades K–5 · Pontiac City School District
559 students
Pontiac Academy for Excellence
Other · Grades K–12 · Pontiac Academy for Excellence
553 students
Herrington School
Elementary · Grades K–6 · Pontiac City School District
382 students
Great Lakes Academy
Elementary · Grades K–8 · Great Lakes Academy
200 students
Flex High School of Pontiac
High · Grades 9–12 · Flex High School of Pontiac
79 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 yield12.1%

Net yield (after ~40% expenses)7.2%

Annual rent$15,800

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$662

Loan principal$104,754

Down payment$26,188

Total interest paid$133,608

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 ratio0.67

Monthly cost to own$881

Monthly rent$1,317

Owning 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: 98th percentile^[1]
Rental yield: 84th percentile^[2]
Property tax: 25th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for best 10-year appreciation in MIView list →

Frequently asked

How much is a home worth in ZIP code 48342?: The typical home in 48342 is worth $130,942, based on the Zillow Home Value Index.
Are home values rising in 48342?: Home values in 48342 are up 2.2% over the past year, and up 7.2% a year over five years.
What is the typical rent in 48342?: A typical home in 48342 rents for about $1,317 a month, a gross rental yield of 12.1%.
What is the property tax rate in 48342?: The effective property tax rate in 48342 is 1.0% — roughly $1,326 a year on a typical home.
Who lives in 48342?: ZIP code 48342 has a population of 17,564 and a median household income of $35,253.

#Comparable ZIPs

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

48208 vs 48342 →
Detroit, MI
Typical home
$131,031
Gross yield
12.7%
48089 vs 48342 →
Warren, MI
Typical home
$131,032
Gross yield
12.1%
48221
Detroit, MI
Typical home
$135,591
Gross yield
12.1%
48212
Detroit, MI
Typical home
$124,963
Gross yield
11.1%
48340
Pontiac, MI
Typical home
$141,215
Gross yield
—
48122
Melvindale, MI
Typical home
$141,352
Gross yield
9.2%

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Pit ZIP 48342 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48342

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