The story of this market
The typical home in ZIP 48072 sells for about $345,000, or $225 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,526 a month.
ZIP 48072 — Berkley
The 48072 housing market remains stable with low inventory and consistent demand, particularly for single-family homes. Prices have seen modest year-over-year growth, supported by the area's strong school district and proximity to major employment hubs. While sales volume is moderate, the market remains competitive for well-priced properties.
This ZIP is ideal for young families and professionals who prioritize school quality, walkability, and a tight-knit community feel within a short commute of major metro employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 days on market with 2.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48072, Oakland County MI
Berkley generally reports low crime rates compared to regional averages in Oakland County, with property crime being the primary concern.
The area is served by the Berkley School District, which is highly regarded for its academic performance and community engagement.
The area faces standard Midwestern climate risks, primarily heavy rainfall leading to localized basement flooding; wildfire risk is negligible.
Economic momentum is driven by its proximity to major Detroit-area employment hubs and a robust local small-business corridor along 12 Mile Road.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents benefit from excellent access to I-696 and Woodward Avenue, providing direct routes to major employment centers in Southfield, Troy, and downtown Detroit.
The ZIP features several community parks, including the popular Berkley Community Park, and is within minutes of the extensive shopping and dining districts of downtown Royal Oak.
The rental market is tight with low vacancy rates, driven by high demand from young professionals and families seeking access to the Berkley school system.
The local economy is supported by a mix of small businesses, professional services, and proximity to the automotive and healthcare sectors in Oakland County.
The area is highly car-dependent but benefits from major highway access; public transit is limited to bus service along major arterial roads.
Development is focused on infill housing and the revitalization of existing commercial properties along the main thoroughfares.
The Oakland County Equalization Division oversees assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to Berkley School District taxes and standard county-wide millages for public services.
Property insurance premiums are stable, though homeowners are advised to carry supplemental sewer-backup coverage due to regional infrastructure age.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.417.4 mi
- Dave & Buster's Livonia412.8 mi
- Dave & Buster's Utica4.112.8 mi
- Round1 Bowling & Arcade - Auburn Hills4.114.9 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.414.7 mi
- Little Caesars Arena4.613 mi
- Comerica Park4.713.3 mi
- Ford Field4.613.4 mi
- Pine Knob Music Theatre4.619.2 mi
- Huntington Place4.514 mi
- Detroit Zoo4.52.7 mi
- Detroit Institute of Arts4.811.7 mi
- Emagine Royal Oak4.32.6 mi
- Motown Museum4.710.8 mi
- MJR Troy Cinema4.43.9 mi
- Henry Ford Museum of American Innovation4.813.8 mi
- Detroit Institute of Arts4.811.7 mi
- Greenfield Village4.813.7 mi
- Michigan Central4.813.2 mi
- Motown Museum4.710.8 mi
- Dodge Park4.711.2 mi
- Innovation Hills4.710.3 mi
- Cranbrook House & Gardens4.85.4 mi
- Red Oaks Waterpark4.45.2 mi
- Heritage Park4.79.8 mi
- Western Golf & Country Club4.69.2 mi
- Rackham Golf Course3.82.2 mi
- Farmington Hills Golf Club4.211.7 mi
- Evolution Sportsplex4.49.6 mi
- Sanctuary Lake Golf Course3.99.6 mi
- Somerset Collection4.64.1 mi
- Oakland Mall4.14.8 mi
- Fairlane Town Center4.112.8 mi
- Meijer45.4 mi
- Detroit Metropolitan Wayne County Airport4.321.5 mi
- Windsor International Airport4.220 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central green space with playgrounds and sports facilities.
The primary commercial corridor featuring local boutiques and restaurants.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).