How much is a home worth in ZIP code 48843?

The typical home in 48843 is worth $383,878, based on the Zillow Home Value Index.

Are home values rising in 48843?

Home values in 48843 are up 3.6% over the past year, and up 4.9% a year over five years.

What is the typical rent in 48843?

A typical home in 48843 rents for about $2,031 a month, a gross rental yield of 6.3%.

What is the property tax rate in 48843?

The effective property tax rate in 48843 is 0.9% — roughly $3,489 a year on a typical home.

ZIP code 48843 has a population of 48,014 and a median household income of $94,577.

HousingHandbookReference data

…

U.S. ZIP Code · MI48843

Livingston County · Detroit-Warren-Dearborn, MI

Typical home value

$383,878^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +4.9%
10-year / yr: +5.8%

Relative price

vs U.S.: +35.1%
vs metro: +26.8%
vs state: +60.6%

Price history

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

The typical home in 48843 is worth $383,878 — 26.8% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 3.6%. Homes here rent for a typical $2,031 a month — a 6.3% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $2,031^[2]
Gross yield: 6.3%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,489^[3]

#Climate risk

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

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

#Who lives here

Population: 48,014^[3]
Median household income: $94,577^[3]

#Migration

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

Net migration: -16^[5]
Moved in: 5,263
Moved out: 5,279

Schools

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

Public schools: 14
Elementary: 6
Middle: 2
High: 4

Howell High School
High · Grades 9–12 · Howell Public Schools
1,919 students
Highlander Way Middle School
Middle · Grades 6–8 · Howell Public Schools
776 students
Parker Middle School
Middle · Grades 6–8 · Howell Public Schools
751 students
Three Fires Elementary
Elementary · Grades K–5 · Howell Public Schools
704 students
Charyl Stockwell Academy
Elementary · Grades K–5 · Charyl Stockwell Academy
655 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 yield6.3%

Net yield (after ~40% expenses)3.8%

Annual rent$24,370

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$1,941

Loan principal$307,102

Down payment$76,776

Total interest paid$391,692

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 ratio1.26

Monthly cost to own$2,552

Monthly rent$2,031

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: 36th percentile^[1]
Rental yield: 36th percentile^[2]
Property tax: 11th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 48843?: The typical home in 48843 is worth $383,878, based on the Zillow Home Value Index.
Are home values rising in 48843?: Home values in 48843 are up 3.6% over the past year, and up 4.9% a year over five years.
What is the typical rent in 48843?: A typical home in 48843 rents for about $2,031 a month, a gross rental yield of 6.3%.
What is the property tax rate in 48843?: The effective property tax rate in 48843 is 0.9% — roughly $3,489 a year on a typical home.
Who lives in 48843?: ZIP code 48843 has a population of 48,014 and a median household income of $94,577.

#Comparable ZIPs

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

48377 vs 48843 →
Novi, MI
Typical home
$383,101
Gross yield
5.8%
48362 vs 48843 →
Lake Orion, MI
Typical home
$384,725
Gross yield
8.0%
48005
Armada, MI
Typical home
$381,598
Gross yield
—
48393
Wixom, MI
Typical home
$386,621
Gross yield
3.6%
48353
Hartland CDP, MI
Typical home
$387,073
Gross yield
6.4%
48855
Howell, MI
Typical home
$379,746
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48843

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