48062
Richmond, Michigan.
Richmond, Macomb County, MI · Detroit-Warren-Dearborn, MI metro · population 9,385
to buy the typical home at today's mortgage rate — +$818 (+104%) since Jan 2020.
- 1 year
- Up $10,385 +4%
- $295,557$305,942 since Sep 2025
- 5 years
- Up $48,197 +19%
- $257,745$305,942 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 48062$1,606
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in zip 48062 rose 3.5% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Richmond, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48062
Mid-tier homes, smoothed and seasonally adjusted.
- 48062$305,942
- Detroit$264,316
- United States$366,157
Within 20 miles
Showing 30 of 43 zips in range — sorting picks from all 43.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 4.4 | 48050 | New Haven | 1,338 | — | $388,120 |
| 6.2 | 48041 | Memphis | 4,302 | — | $329,675 |
| 6.2 | 48005 | Armada | 5,325 | — | $379,028 |
| 6.3 | 48063 | Columbus | 4,206 | — | $351,570 |
| 7.4 | 48048 | New Haven | 11,349 | — | $295,556 |
| 8.6 | 48096 | Ray | 3,778 | — | $429,092 |
| 8.6 | 48064 | Casco | 4,180 | — | $383,569 |
| 8.9 | 48027 | Goodells | 3,187 | — | $330,980 |
| 8.9 | 48002 | Allenton | 3,120 | — | $353,852 |
| 11.0 | 48051 | New Baltimore | 17,922 | $1,575 | $311,072 |
| 11.9 | 48047 | New Baltimore | 40,302 | $1,875 | $342,467 |
| 12.2 | 48065 | Romeo | 11,597 | $1,411 | $427,887 |
| 12.4 | 48022 | Emmett | 2,530 | — | $331,083 |
| 12.5 | 48023 | Fair Haven | 5,031 | — | $273,536 |
| 12.5 | 48042 | Macomb | 33,875 | $2,171 | $437,747 |
| 12.8 | 48079 | Saint Clair | 12,711 | — | $318,365 |
| 13.0 | 48095 | Washington | 5,701 | — | $534,832 |
| 13.5 | 48003 | Almont | 6,339 | — | $360,809 |
| 13.8 | 48014 | Capac | 4,294 | — | $255,733 |
| 13.9 | 48074 | Smiths Creek | 9,624 | — | $236,124 |
| 14.0 | 48054 | East China | 7,188 | — | $343,433 |
| 14.3 | 48094 | Washington | 20,736 | $2,070 | $465,429 |
| 15.3 | 48044 | Macomb | 58,754 | $1,469 | $414,684 |
| 15.7 | 48315 | Utica | 28,472 | $2,028 | $469,172 |
| 16.5 | 48039 | Marine City | 7,437 | — | $224,513 |
| 16.5 | 48006 | Avoca | 3,889 | — | $305,682 |
| 16.7 | 48040 | Marysville | 9,925 | $1,002 | $233,004 |
| 17.0 | 48316 | Utica | 28,784 | $1,750 | $413,142 |
| 17.2 | 48049 | North Street | 5,468 | — | $288,088 |
| 17.3 | 48367 | Leonard | 4,668 | — | $503,788 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.