The story of this market
The typical home in ZIP 48174 sells for about $212,273, or $149 per square foot.
Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,058 a month.
ZIP 48174 — Romulus
The 48174 housing market is currently balanced with a median listing price of $205,000 and a median sales price of $212,273. Market activity is characterized by a median of 25 days on market and a sale-to-list ratio of 100%. Some specific metrics such as price cut percentage and effective tax rates are not currently published for this ZIP code.
The area attracts a mix of family buyers and commuters due to its proximity to regional employment hubs and new residential construction.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 13.3% — a stable, low-distress profile.
ZCTA 48174, Romulus, Michigan
The area features residential development projects such as The Oakmont at Gateway.
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.
The local economy is influenced by its location in the Detroit metropolitan area, with proximity to major transportation and logistics hubs.
Data retrieved from US Census Bureau ZCTA 48174 profiles.
- Little Caesars Arena4.619.3 mi
- Comerica Park4.719.5 mi
- Ford Field4.619.7 mi
- Michigan Stadium4.818.3 mi
- Huntington Place4.519.2 mi
- Henry Ford Museum of American Innovation4.810 mi
- Greenfield Village4.810.2 mi
- Emagine Canton4.67 mi
- MJR Westland Grand Cinema 164.47.8 mi
- MJR Southgate Cinema4.510.7 mi
- Henry Ford Museum of American Innovation4.810 mi
- Detroit Institute of Arts4.819.4 mi
- Greenfield Village4.810.2 mi
- Michigan Central4.817.9 mi
- Motown Museum4.718.5 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.53.5 mi
- Heritage Park4.77.4 mi
- Ford Field Park4.69.8 mi
- Heritage Park4.67.2 mi
- Hines Park of Westland4.58.6 mi
- Sandy's Marina4.42.5 mi
- Western Golf & Country Club4.612.8 mi
- Lakes of Taylor Golf Course4.35.9 mi
- Eagle Crest Golf Club4.411 mi
- Oasis Golf Center412.2 mi
- Fellows Creek Golf Club & Banquet Center4.24.9 mi
- Fairlane Town Center4.111 mi
- Meijer4.110.6 mi
- Cantoro's Italian Market - Plymouth4.712.3 mi
- Southland Center4.27.4 mi
- Meijer4.28.1 mi
- Detroit Metropolitan Wayne County Airport4.32.3 mi
- Windsor International Airport4.223.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).