Gross rental yield of 15.63% — ranked #15 of 214 Michigan ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -0.4% | +2.2% |
| Market rent | — | — |
Metro: Detroit-Warren-Dearborn, MI · County: Wayne County · Annual rent: $14,088
Similar home values, sorted by yield — the cheapest way to see if 48223 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 48224 | Detroit | MI | $82,100 | $1,339 | 19.57% | 5.1 | -6.3% |
| 48219 | Detroit | MI | $91,374 | $1,315 | 17.27% | 5.8 | +1.2% |
| 48206 | Detroit | MI | $90,762 | $1,252 | 16.55% | 6.0 | -13.7% |
| 48215 | Detroit | MI | $96,807 | $1,325 | 16.42% | 6.1 | -8.4% |
| 48235 | Detroit | MI | $94,879 | $1,288 | 16.28% | 6.1 | -2.5% |
| 48214 | Detroit | MI | $100,790 | $1,203 | 14.32% | 7.0 | -17.1% |
| 48602 | Saginaw | MI | $85,656 | $990 | 13.87% | 7.2 | +5.3% |
| 48209 | Detroit | MI | $91,560 | $938 | 12.30% | 8.1 | -0.6% |
Top rental yields in all of Michigan →
Screening more than one ZIP? Get every Michigan ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
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