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ZIP Code 48203

Wayne, Michigan

ZCTA 48203

Juniper

ZIP Code 48203 is in the lowest 3% nationally for FEMA risk score. It also sits in the lowest 1% statewide for typical home value. And it sits in the highest 4% nationally for home price growth over the past year.

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

$87,444

Lower than 99% of Michigan ZIP codes
Home Price Growth, Past Five Years

31%

Lower than 92% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

14.6

Lower than 97% of U.S. ZIP codes

The boundary of ZIP Code 48203, in Wayne, Michigan.

The basics

Total Population

20,049

Median Age

39.4

Population Density

2,441.68

Home values & property tax

Median Property Tax

$1,305

Property Tax Rateyearly tax as a share of home value

1.7%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

1.98×

Lower than 85% of U.S. ZIP codes
Median Income

$38,404

Lower than 95% of U.S. ZIP codes
Median Rent

$801

Lower than 76% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

17%

Higher than 96% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

20%

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

55%

Climate & weather

Summer Avg High (°F)

81.4

Winter Avg Low (°F)

22.2

Avg Temperature (°F)

50.5

Hot Days/yr (>90°F)

13.4

Freezing Days/yr (<32°F)

112.5

Annual Precipitation (in)

29.9

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 48203: frequently asked questions

What is the typical home value in ZIP Code 48203?
The estimated median home value in ZIP Code 48203 today is $87,444, lower than 99% of Michigan ZIP codes.
How much is property tax in ZIP Code 48203?
The median annual property tax in ZIP Code 48203 is $1,305, an effective rate of 1.7% of home value.
Is ZIP Code 48203 expensive to live in?
Homes in ZIP Code 48203 cost about 1.98× the median household income, lower than 85% of U.S. ZIP codes.
What is the average rent in ZIP Code 48203?
The median gross rent in ZIP Code 48203 is $801 a month, lower than 76% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 48203?
Home prices in ZIP Code 48203 have moved 31% over the past five years (17% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 48203?
ZIP Code 48203 has a population of 20,049, about 2,441.68 people per square mile, per the U.S. Census American Community Survey. The median age is 39.4.
What is the weather like in ZIP Code 48203?
ZIP Code 48203 averages 50.5°F year-round, summer highs near 81.4°F, winter lows around 22.2°F (NOAA 1991–2020 normals). It sees about 30.8 inches of snow a year.
Is ZIP Code 48203 at risk of flooding or natural disasters?
ZIP Code 48203's FEMA National Risk Index score is 14.6 (lower than 97% 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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