Zip lookup · MI

48306
Oakland, Michigan.

Oakland, Oakland County, MI · Detroit-Warren-Dearborn, MI metro · population 28,389

What it costs per month · 48306 $3,133/mo

to buy the typical home at today's mortgage rate — +$1,671 (+114%) since Jan 2020.

What the home itself did
1 year
Up $20,202 +4%
$576,711$596,912 since Sep 2025
5 years
Up $128,651 +27%
$468,261$596,912 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.

$1,000 $2,000 $3,000 2002 2006 2010 2014 2018 2022 2026 48306 $3,133 United States $1,922
$1,000 $2,000 $3,000 2002 2010 2018 2026
  • 48306$3,133
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 14 years.

Typical home values in zip 48306 rose 3.5% over the past year — faster than the nation's +1.2%.

Owning the typical home in zip 48306 runs $2,535/mo more than renting one — the widest that gap has been in this data.

That is $4,406 a month against $1,872 rent: a $3,133 mortgage payment, plus $634 property tax and $639 insurance & upkeep.

Owning vs renting — zip 48306

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$2,000 $3,000 $4,000 2026 Owning all in $4,406 Renting $1,872 Mortgage only $3,133
$2,000 $3,000 $4,000 2026
  • Owning all in$4,406
  • Renting$1,872
  • Mortgage only$3,133

Property tax · $634/mo 1.27% of value a year — the ACS 2020-2024 median bill over the median home value for 2 counties

Insurance & upkeep · $639/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

This zip spans 2 counties: Oakland County, MI 98% · Macomb County, MI 2%

Zillow also publishes an index for the city itself: Oakland, MI — measured over the city limits, which is a different area from this zip.

Asking rent $1,872 as of Sep 2026
Typical home value $596,912 as of Sep 2026
+3.5%year on year

Asking rent — 48306

Against the Detroit-Warren-Dearborn, MI metro and the national benchmark.

$1,500 $1,600 $1,700 $1,800 $1,900 2026 48306 $1,872 Detroit $1,514 United States $1,932
$1,500 $1,600 $1,700 $1,800 $1,900 2026
  • 48306$1,872
  • Detroit$1,514
  • United States$1,932

Typical home value — 48306

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $400,000 $600,000 2018 2020 2022 2024 2026 48306 $596,912 Detroit $264,316 United States $366,157
$200,000 $400,000 $600,000 2018 2022 2026
  • 48306$596,912
  • Detroit$264,316
  • United States$366,157

Within 20 miles

Showing 30 of 86 zips in range — sorting picks from all 86.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
3.5 48363 Oakland 7,362 — $707,528
4.5 48307 Rochester 44,714 $1,795 $413,997
4.7 48309 Rochester 30,685 $2,175 $481,294
5.2 48316 Utica 28,784 $1,750 $413,142
5.8 48094 Washington 20,736 $2,070 $465,429
6.2 48326 Auburn Hills 24,514 $1,799 $280,450
6.3 48360 Lake Orion 12,116 — $422,244
6.5 48359 Lake Orion 10,401 $2,251 $394,575
6.9 48095 Washington 5,701 — $534,832
7.2 48317 Utica 27,565 $1,446 $296,225
7.4 48362 Lake Orion 14,966 $1,927 $384,969
8.0 48340 Pontiac 25,669 $1,328 $135,858
8.3 48367 Leonard 4,668 — $503,788
8.4 48370 Oxford 1,777 — $563,759
8.4 48342 Pontiac 17,564 $1,359 $125,270
8.5 48315 Utica 28,472 $2,028 $469,172
8.6 48085 Troy 27,231 $2,586 $456,871
8.7 48098 Troy 20,936 $2,414 $584,080
9.2 48314 Sterling Heights 21,803 $1,711 $357,702
9.9 48341 Pontiac 18,924 $1,602 $146,619
10.1 48065 Romeo 11,597 $1,411 $427,887
10.3 48304 Bloomfield Hills 17,387 $2,791 $540,264
11.0 48371 Oxford 25,972 $1,191 $413,889
11.3 48084 Troy 15,960 $1,671 $477,047
11.4 48313 Sterling Heights 34,015 $1,577 $294,203
11.6 48083 Troy 23,771 $1,895 $352,514
11.7 48310 Sterling Heights 43,354 $1,563 $314,282
11.7 48328 Waterford 24,478 $1,279 $254,075
12.0 48096 Ray 3,778 — $429,092
12.1 48302 Bloomfield Hills 17,505 $2,167 $730,285

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.