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ZIP Code 48124

Wayne, Michigan

ZCTA 48124

Juniper

ZIP Code 48124 is in the lowest 14% nationally for FEMA risk score. It also sits in the highest 25% nationally for home price growth over five years. And it sits in the lowest 29% nationally for typical home value.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$256,115

Lower than 71% of U.S. ZIP codes
Home Price Growth, Past Five Years

62%

Higher than 75% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

31.9

Lower than 86% of U.S. ZIP codes

The boundary of ZIP Code 48124, in Wayne, Michigan.

The basics

Total Population

34,479

Median Age

38.6

Population Density

3,907.83

Home values & property tax

Median Property Tax

$4,006

Property Tax Rateyearly tax as a share of home value

2%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.5×

Lower than 71% of U.S. ZIP codes
Median Income

$81,796

Higher than 64% of U.S. ZIP codes
Median Rent

$1,315

Higher than 70% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

5.8%

Higher than 68% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

41%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

46%

Climate & weather

Summer Avg High (°F)

81.5

Winter Avg Low (°F)

20.3

Avg Temperature (°F)

49.5

Hot Days/yr (>90°F)

16.1

Freezing Days/yr (<32°F)

135.9

Annual Precipitation (in)

35

Annual Snowfall (in)

30.8

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 48124: frequently asked questions

What is the typical home value in ZIP Code 48124?
The estimated median home value in ZIP Code 48124 today is $256,115, lower than 71% of U.S. ZIP codes.
How much is property tax in ZIP Code 48124?
The median annual property tax in ZIP Code 48124 is $4,006, an effective rate of 2% of home value.
Is ZIP Code 48124 expensive to live in?
Homes in ZIP Code 48124 cost about 2.5× the median household income, lower than 71% of U.S. ZIP codes.
What is the average rent in ZIP Code 48124?
The median gross rent in ZIP Code 48124 is $1,315 a month, higher than 70% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 48124?
Home prices in ZIP Code 48124 have moved 62% over the past five years (5.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 48124?
ZIP Code 48124 has a population of 34,479, about 3,907.83 people per square mile, per the U.S. Census American Community Survey. The median age is 38.6.
What is the weather like in ZIP Code 48124?
ZIP Code 48124 averages 49.5°F year-round, summer highs near 81.5°F, winter lows around 20.3°F (NOAA 1991–2020 normals). It sees about 30.8 inches of snow a year.
Is ZIP Code 48124 at risk of flooding or natural disasters?
ZIP Code 48124's FEMA National Risk Index score is 31.9 (lower than 86% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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