How much is a home worth in ZIP code 48446?

The typical home in 48446 is worth $265,280, based on the Zillow Home Value Index.

Are home values rising in 48446?

Home values in 48446 are up 4.8% over the past year, and up 4.9% a year over five years.

What is the typical rent in 48446?

A typical home in 48446 rents for about $1,346 a month, a gross rental yield of 6.1%.

What is the property tax rate in 48446?

The effective property tax rate in 48446 is 0.7% — roughly $1,946 a year on a typical home.

ZIP code 48446 has a population of 30,581 and a median household income of $66,062.

HousingHandbookReference data

…

U.S. ZIP Code · MI48446

Lapeer County · Detroit-Warren-Dearborn, MI

Typical home value

$265,280^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +4.9%
10-year / yr: +6.3%

Relative price

vs U.S.: -6.6%
vs metro: -12.3%
vs state: +11.0%

Price history

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

The typical home in 48446 is worth $265,280 — 12.3% below the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.8%. Homes here rent for a typical $1,346 a month — a 6.1% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,346^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,946^[3]

#Climate risk

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

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

#Who lives here

Population: 30,581^[3]
Median household income: $66,062^[3]

#Migration

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

Net migration: -8^[5]
Moved in: 2,280
Moved out: 2,288

Schools

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

Public schools: 10
Elementary: 4
Middle: 1
High: 2

Lapeer High School
High · Grades 10–12 · Lapeer Community Schools
1,118 students
Zemmer Campus 89
Secondary · Grades 8–9 · Lapeer Community Schools
636 students
Rolland Warner Campus 67
Middle · Grades 6–7 · Lapeer Community Schools
607 students
CK Schickler Elementary School
Elementary · Grades PK–5 · Lapeer Community Schools
500 students
Chatfield School
Elementary · Grades PK–8 · Chatfield School
482 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 yield6.1%

Net yield (after ~40% expenses)3.7%

Annual rent$16,152

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$1,341

Loan principal$212,224

Down payment$53,056

Total interest paid$270,680

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 ratio1.28

Monthly cost to own$1,724

Monthly rent$1,346

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: 37th percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 1st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48446?: The typical home in 48446 is worth $265,280, based on the Zillow Home Value Index.
Are home values rising in 48446?: Home values in 48446 are up 4.8% over the past year, and up 4.9% a year over five years.
What is the typical rent in 48446?: A typical home in 48446 rents for about $1,346 a month, a gross rental yield of 6.1%.
What is the property tax rate in 48446?: The effective property tax rate in 48446 is 0.7% — roughly $1,946 a year on a typical home.
Who lives in 48446?: ZIP code 48446 has a population of 30,581 and a median household income of $66,062.

#Comparable ZIPs

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

48036 vs 48446 →
Mount Clemens, MI
Typical home
$265,402
Gross yield
—
48059 vs 48446 →
Lakeport CDP, MI
Typical home
$265,461
Gross yield
—
48023
MI
Typical home
$265,743
Gross yield
—
48127
Dearborn Heights, MI
Typical home
$264,070
Gross yield
6.2%
48045
St. Clair Shores, MI
Typical home
$262,470
Gross yield
6.3%
48461
North Branch, MI
Typical home
$261,684
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48446

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