HousingHandbookReference data

U.S. ZIP Code · MI48350

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$434,455[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+5.0%
10-year / yr
+6.0%

Relative price

vs U.S.
+52.9%
vs metro
+43.5%
vs state
+81.7%
ZIP 48350 location in MI
Location of ZIP 48350 in MI

Price history

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

The typical home in 48350 is worth $434,455 — 43.5% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.5%. The effective property tax rate is 1.2%.

#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
1.2%[3]
Typical annual tax
$5,004[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
8,163[3]
Median household income
$110,042[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
2
Elementary
2
Middle
0
High
0
  • Davisburg Elementary School

    Elementary · Grades PK–5 · Holly Area School District

    390 students

  • Andersonville Elementary School

    Elementary · Grades PK–5 · Clarkston Community School District

    315 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$2,197
Loan principal$347,564
Down payment$86,891
Total interest paid$443,298

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$2,975
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
44th percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48350?
The typical home in 48350 is worth $434,455, based on the Zillow Home Value Index.
Are home values rising in 48350?
Home values in 48350 are up 3.5% over the past year, and up 5.0% a year over five years.
What is the property tax rate in 48350?
The effective property tax rate in 48350 is 1.2% — roughly $5,004 a year on a typical home.
Who lives in 48350?
ZIP code 48350 has a population of 8,163 and a median household income of $110,042.

#Comparable ZIPs

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

  • MI

    Typical home
    $438,242
    Gross yield
    5.6%
  • Romeo, MI

    Typical home
    $429,526
    Gross yield
  • Farmington Hills, MI

    Typical home
    $427,687
    Gross yield
    3.3%
  • MI

    Typical home
    $424,612
    Gross yield
  • MI

    Typical home
    $423,444
    Gross yield
  • MI

    Typical home
    $423,153
    Gross yield
    5.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 48350 against any other ZIP — full side-by-side table.

Compare 48350

#Jump to section