How much is a home worth in ZIP code 48353?

The typical home in 48353 is worth $387,073, based on the Zillow Home Value Index.

Are home values rising in 48353?

Home values in 48353 are up 4.3% over the past year, and up 5.5% a year over five years.

What is the typical rent in 48353?

A typical home in 48353 rents for about $2,079 a month, a gross rental yield of 6.4%.

What is the property tax rate in 48353?

The effective property tax rate in 48353 is 0.9% — roughly $3,402 a year on a typical home.

ZIP code 48353 has a population of 7,014 and a median household income of $105,964.

HousingHandbookReference data

…

U.S. ZIP Code · MI48353

Livingston County · Detroit-Warren-Dearborn, MI

Typical home value

$387,073^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.3%
5-year / yr: +5.5%
10-year / yr: +6.6%

Relative price

vs U.S.: +36.3%
vs metro: +27.9%
vs state: +61.9%

Price history

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

The typical home in 48353 is worth $387,073 — 27.9% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.3%. Homes here rent for a typical $2,079 a month — a 6.4% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $2,079^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,402^[3]

#Climate risk

FEMA National Risk Index ratings for Livingston County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 7,014^[3]
Median household income: $105,964^[3]

#Migration

Household moves in and out of Livingston County over a year, from IRS tax-return data.

Net migration: -16^[5]
Moved in: 5,263
Moved out: 5,279

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

Hartland High School
High · Grades 8–12 · Hartland Consolidated Schools
1,655 students
Hartland MS at Ore Creek
Middle · Grades 7–8 · Hartland Consolidated Schools
758 students
Hartland Village Elementary School
Elementary · Grades K–4 · Hartland Consolidated Schools
476 students
Hartland Round Elementary School
Elementary · Grades K–4 · Hartland Consolidated Schools
453 students
Creekside Elementary School
Elementary · Grades K–4 · Hartland Consolidated Schools
409 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 yield6.4%

Net yield (after ~40% expenses)3.9%

Annual rent$24,944

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$1,957

Loan principal$309,658

Down payment$77,415

Total interest paid$394,952

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 ratio1.23

Monthly cost to own$2,564

Monthly rent$2,079

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: 74th percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 8th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48353?: The typical home in 48353 is worth $387,073, based on the Zillow Home Value Index.
Are home values rising in 48353?: Home values in 48353 are up 4.3% over the past year, and up 5.5% a year over five years.
What is the typical rent in 48353?: A typical home in 48353 rents for about $2,079 a month, a gross rental yield of 6.4%.
What is the property tax rate in 48353?: The effective property tax rate in 48353 is 0.9% — roughly $3,402 a year on a typical home.
Who lives in 48353?: ZIP code 48353 has a population of 7,014 and a median household income of $105,964.

#Comparable ZIPs

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

48393 vs 48353 →
Wixom, MI
Typical home
$386,621
Gross yield
3.6%
48428 vs 48353 →
Dryden, MI
Typical home
$388,321
Gross yield
—
48362
Lake Orion, MI
Typical home
$384,725
Gross yield
8.0%
48843
Howell, MI
Typical home
$383,878
Gross yield
6.3%
48377
Novi, MI
Typical home
$383,101
Gross yield
5.8%
48005
Armada, MI
Typical home
$381,598
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48353

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