How much is a home worth in ZIP code 48371?

The typical home in 48371 is worth $414,771, based on the Zillow Home Value Index.

Are home values rising in 48371?

Home values in 48371 are up 4.2% over the past year, and up 5.4% a year over five years.

What is the typical rent in 48371?

A typical home in 48371 rents for about $1,287 a month, a gross rental yield of 3.7%.

What is the property tax rate in 48371?

The effective property tax rate in 48371 is 1.2% — roughly $5,080 a year on a typical home.

ZIP code 48371 has a population of 25,972 and a median household income of $111,239.

HousingHandbookReference data

…

U.S. ZIP Code · MI48371

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$414,771^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +5.4%
10-year / yr: +5.8%

Relative price

vs U.S.: +46.0%
vs metro: +37.0%
vs state: +73.5%

Price history

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

The typical home in 48371 is worth $414,771 — 37.0% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.2%. Homes here rent for a typical $1,287 a month — a 3.7% gross rental yield. 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: $1,287^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,080^[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: 25,972^[3]
Median household income: $111,239^[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: 9
Elementary: 4
Middle: 1
High: 2

Oxford High School
High · Grades 9–12 · Oxford Community Schools
1,639 students
Oxford Virtual Academy
Other · Grades K–12 · Oxford Community Schools
1,239 students
Oxford Middle School
Middle · Grades 6–8 · Oxford Community Schools
947 students
Clear Lake Elementary School
Elementary · Grades K–5 · Oxford Community Schools
430 students
Lakeville Elementary School
Elementary · Grades K–5 · Oxford Community Schools
404 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$15,442

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$2,097

Loan principal$331,817

Down payment$82,954

Total interest paid$423,214

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 ratio2.23

Monthly cost to own$2,865

Monthly rent$1,287

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: 65th percentile^[1]
Rental yield: 3rd percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48371?: The typical home in 48371 is worth $414,771, based on the Zillow Home Value Index.
Are home values rising in 48371?: Home values in 48371 are up 4.2% over the past year, and up 5.4% a year over five years.
What is the typical rent in 48371?: A typical home in 48371 rents for about $1,287 a month, a gross rental yield of 3.7%.
What is the property tax rate in 48371?: The effective property tax rate in 48371 is 1.2% — roughly $5,080 a year on a typical home.
Who lives in 48371?: ZIP code 48371 has a population of 25,972 and a median household income of $111,239.

#Comparable ZIPs

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

48116 vs 48371 →
Brighton, MI
Typical home
$412,876
Gross yield
7.4%
48188 vs 48371 →
MI
Typical home
$412,676
Gross yield
5.4%
48044
MI
Typical home
$417,427
Gross yield
6.3%
48322
Farmington Hills, MI
Typical home
$418,042
Gross yield
6.0%
48307
Rochester Hills, MI
Typical home
$418,596
Gross yield
4.7%
48201
Detroit, MI
Typical home
$418,805
Gross yield
4.3%

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Pit ZIP 48371 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48371

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