Gross rental yield of 21.51% — ranked #8 of 214 Michigan ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +3.9% | +26.4% |
| Market rent | +2.0% | +43.5% |
Metro: Detroit-Warren-Dearborn, MI · County: Wayne County · Annual rent: $14,928
Similar home values, sorted by yield — the cheapest way to see if 48228 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 48234 | Detroit | MI | $54,127 | $1,217 | 26.97% | 3.7 | -9.7% |
| 48204 | Detroit | MI | $55,141 | $1,202 | 26.15% | 3.8 | -9.4% |
| 48238 | Detroit | MI | $55,345 | $1,194 | 25.88% | 3.9 | -7.8% |
| 48203 | Detroit | MI | $60,328 | $1,270 | 25.26% | 4.0 | -10.4% |
| 48227 | Detroit | MI | $68,901 | $1,320 | 22.99% | 4.3 | +1.1% |
| 48601 | Saginaw | MI | $61,486 | $1,124 | 21.93% | 4.6 | +4.2% |
| 48224 | Detroit | MI | $82,100 | $1,339 | 19.57% | 5.1 | -6.3% |
| 48503 | Flint | MI | $70,743 | $893 | 15.15% | 6.6 | +3.0% |
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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