HousingHandbookReference data

U.S. ZIP Code · MI48382

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$463,309[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.9%
5-year / yr
+5.3%
10-year / yr
+5.4%

Relative price

vs U.S.
+63.1%
vs metro
+53.1%
vs state
+93.8%
ZIP 48382 location in MI
Location of ZIP 48382 in MI

Price history

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

The typical home in 48382 is worth $463,309 — 53.1% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.9%. The effective property tax rate is 1.1%.

#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
1.1%[3]
Typical annual tax
$4,908[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
24,479[3]
Median household income
$137,768[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
2
Middle
2
High
1
  • Walled Lake Northern High School

    High · Grades 9–12 · Walled Lake Consolidated Schools

    1,457 students

  • Clifford H Smart Middle School

    Middle · Grades 6–8 · Walled Lake Consolidated Schools

    906 students

  • Commerce Elementary School

    Elementary · Grades PK–5 · Walled Lake Consolidated Schools

    540 students

  • Country Oaks Elementary School

    Elementary · Grades K–5 · Huron Valley Schools

    521 students

  • Oak Valley Middle School

    Middle · Grades 5–9 · Huron Valley Schools

    505 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$2,343
Loan principal$370,647
Down payment$92,662
Total interest paid$472,740

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$3,138
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
56th percentile[1]
Rental yield
[2]
Property tax
31st percentile[3]

Frequently asked

How much is a home worth in ZIP code 48382?
The typical home in 48382 is worth $463,309, based on the Zillow Home Value Index.
Are home values rising in 48382?
Home values in 48382 are up 3.9% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 48382?
The effective property tax rate in 48382 is 1.1% — roughly $4,908 a year on a typical home.
Who lives in 48382?
ZIP code 48382 has a population of 24,479 and a median household income of $137,768.

#Comparable ZIPs

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

  • Farmington Hills, MI

    Typical home
    $462,524
    Gross yield
    4.5%
  • Milford, MI

    Typical home
    $464,981
    Gross yield
  • MI

    Typical home
    $461,526
    Gross yield
    5.2%
  • Troy, MI

    Typical home
    $466,456
    Gross yield
    7.2%
  • MI

    Typical home
    $466,519
    Gross yield
  • South Lyon, MI

    Typical home
    $470,323
    Gross yield
    3.8%

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

Compare ZIPs

Pit ZIP 48382 against any other ZIP — full side-by-side table.

Compare 48382

#Jump to section