How much is a home worth in ZIP code 48390?

The typical home in 48390 is worth $314,001, based on the Zillow Home Value Index.

Are home values rising in 48390?

Home values in 48390 are up 2.2% over the past year, and up 4.7% a year over five years.

What is the typical rent in 48390?

A typical home in 48390 rents for about $2,036 a month, a gross rental yield of 7.8%.

What is the property tax rate in 48390?

The effective property tax rate in 48390 is 1.1% — roughly $3,511 a year on a typical home.

ZIP code 48390 has a population of 23,939 and a median household income of $91,381.

HousingHandbookReference data

…

U.S. ZIP Code · MI48390

Oakland County · Detroit-Warren-Dearborn, MI

Typical home value

$314,001^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.2%
5-year / yr: +4.7%
10-year / yr: +5.5%

Relative price

vs U.S.: +10.5%
vs metro: +3.7%
vs state: +31.3%

Price history

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

The typical home in 48390 is worth $314,001 — 3.7% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 2.2%. Homes here rent for a typical $2,036 a month — a 7.8% gross rental yield. 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: $2,036^[2]
Gross yield: 7.8%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,511^[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: 23,939^[3]
Median household income: $91,381^[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: 8
Elementary: 5
Middle: 0
High: 3

Walled Lake Central High School
High · Grades 8–12 · Walled Lake Consolidated Schools
1,135 students
Walled Lake Western High School
High · Grades 9–12 · Walled Lake Consolidated Schools
1,049 students
James R Geisler Middle School
High · Grades 6–12 · Walled Lake Consolidated Schools
581 students
Oakley Park Elementary School
Elementary · Grades K–5 · Walled Lake Consolidated Schools
370 students
Glengary Elementary School
Elementary · Grades K–5 · Walled Lake Consolidated Schools
326 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 yield7.8%

Net yield (after ~40% expenses)4.7%

Annual rent$24,436

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$1,588

Loan principal$251,201

Down payment$62,800

Total interest paid$320,393

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 ratio1.05

Monthly cost to own$2,142

Monthly rent$2,036

Owning and renting are roughly even.

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: 31st percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48390?: The typical home in 48390 is worth $314,001, based on the Zillow Home Value Index.
Are home values rising in 48390?: Home values in 48390 are up 2.2% over the past year, and up 4.7% a year over five years.
What is the typical rent in 48390?: A typical home in 48390 rents for about $2,036 a month, a gross rental yield of 7.8%.
What is the property tax rate in 48390?: The effective property tax rate in 48390 is 1.1% — roughly $3,511 a year on a typical home.
Who lives in 48390?: ZIP code 48390 has a population of 23,939 and a median household income of $91,381.

#Comparable ZIPs

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

48134 vs 48390 →
Flat Rock, MI
Typical home
$312,158
Gross yield
5.2%
48032 vs 48390 →
MI
Typical home
$316,059
Gross yield
—
48079
St. Clair, MI
Typical home
$316,790
Gross yield
—
48226
Detroit, MI
Typical home
$317,406
Gross yield
7.0%
48072
Berkley, MI
Typical home
$317,510
Gross yield
6.7%
48111
Belleville, MI
Typical home
$310,444
Gross yield
5.2%

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Pit ZIP 48390 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI48390

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