HousingHandbookReference data

U.S. ZIP Code · MI48360

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$423,444[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+5.2%
10-year / yr
+5.3%

Relative price

vs U.S.
+49.1%
vs metro
+39.9%
vs state
+77.1%
ZIP 48360 location in MI
Location of ZIP 48360 in MI

Price history

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

The typical home in 48360 is worth $423,444 — 39.9% 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
$5,207[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
12,116[3]
Median household income
$140,865[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
7
Elementary
2
Middle
2
High
2
  • Lake Orion Community High School

    High · Grades 9–12 · Lake Orion Community Schools

    2,097 students

  • Waldon Middle School

    Middle · Grades 6–8 · Lake Orion Community Schools

    540 students

  • Orion Oaks Elementary School

    Elementary · Grades PK–5 · Lake Orion Community Schools

    520 students

  • Scripps Middle School

    Middle · Grades 6–8 · Lake Orion Community Schools

    482 students

  • Stadium Drive Elementary School

    Elementary · Grades K–5 · Lake Orion Community Schools

    465 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$2,141
Loan principal$338,755
Down payment$84,689
Total interest paid$432,064

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$2,928
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
53rd percentile[1]
Rental yield
[2]
Property tax
51st percentile[3]

Frequently asked

How much is a home worth in ZIP code 48360?
The typical home in 48360 is worth $423,444, based on the Zillow Home Value Index.
Are home values rising in 48360?
Home values in 48360 are up 3.5% over the past year, and up 5.2% a year over five years.
What is the property tax rate in 48360?
The effective property tax rate in 48360 is 1.2% — roughly $5,207 a year on a typical home.
Who lives in 48360?
ZIP code 48360 has a population of 12,116 and a median household income of $140,865.

#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
    $423,153
    Gross yield
    5.8%
  • MI

    Typical home
    $424,612
    Gross yield
  • MI

    Typical home
    $420,544
    Gross yield
    5.1%
  • Farmington Hills, MI

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

    Typical home
    $418,805
    Gross yield
    4.3%
  • Rochester Hills, MI

    Typical home
    $418,596
    Gross yield
    4.7%

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