HousingHandbookReference data

U.S. ZIP Code · MI48855

Livingston County · Detroit-Warren-Dearborn, MI

Typical home value

$379,746[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.3%
5-year / yr
+5.2%
10-year / yr
+6.4%

Relative price

vs U.S.
+33.7%
vs metro
+25.5%
vs state
+58.8%
ZIP 48855 location in MI
Location of ZIP 48855 in MI

Price history

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

The typical home in 48855 is worth $379,746 — 25.5% above the Detroit-Warren-Dearborn, MI median. Over the past year, values have risen 4.3%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$3,354[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
16,668[3]
Median household income
$108,442[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
1
Elementary
1
Middle
0
High
0
  • Ruahmah J Hutchings Elementary

    Elementary · Grades PK–5 · Howell Public Schools

    439 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$1,920
Loan principal$303,797
Down payment$75,949
Total interest paid$387,476

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$2,515
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
48th percentile[1]
Rental yield
[2]
Property tax
9th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48855?
The typical home in 48855 is worth $379,746, based on the Zillow Home Value Index.
Are home values rising in 48855?
Home values in 48855 are up 4.3% over the past year, and up 5.2% a year over five years.
What is the property tax rate in 48855?
The effective property tax rate in 48855 is 0.9% — roughly $3,354 a year on a typical home.
Who lives in 48855?
ZIP code 48855 has a population of 16,668 and a median household income of $108,442.

#Comparable ZIPs

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

  • Richmond, MI

    Typical home
    $378,642
    Gross yield
  • MI

    Typical home
    $378,611
    Gross yield
    6.4%
  • Armada, MI

    Typical home
    $381,598
    Gross yield
  • Novi, MI

    Typical home
    $383,101
    Gross yield
    5.8%
  • Howell, MI

    Typical home
    $383,878
    Gross yield
    6.3%
  • MI

    Typical home
    $375,485
    Gross yield

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