The story of this market
The typical home in ZIP 48328 sells for about $236,000, or $158 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,102 a month.
ZIP 48328 — Waterford
The 48328 housing market is currently stable, characterized by moderate price growth and a balanced inventory level. Demand remains consistent among local buyers, supported by the area's affordability relative to the broader Oakland County market. Recent sales data indicates a steady pace of transactions with minimal volatility in the median sale price.
This ZIP is well-suited for family buyers and commuters seeking lake-adjacent living at a more accessible price point than neighboring affluent Oakland County communities.
Median prices moved up 2.4% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
18% 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 5.1% · poverty 11.2% — 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 5.7%/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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48328, Oakland County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools in the Waterford area are generally rated as average, with performance varying by specific school within the Waterford School District.
The area is characterized by numerous inland lakes, presenting localized flood risks in low-lying areas near water bodies.
Economic momentum is driven by the broader Oakland County industrial and service sectors, with steady residential infill development.
Property taxes are assessed by Oakland County and the Charter Township of Waterford, incorporating local school district millage rates and municipal levies.
Residents primarily commute by car toward employment hubs in Pontiac, Auburn Hills, and the broader Metro Detroit area via M-59 and I-75.
The area features extensive access to the Waterford lake chain, including Cass Lake and Williams Lake, alongside numerous local parks and golf courses.
The rental market is characterized by moderate demand, with a mix of single-family home rentals and apartment complexes serving a stable tenant base.
The local economy is anchored by the automotive supply chain, healthcare services, and retail trade within Oakland County.
The area is served by a network of state highways including M-59, providing connectivity to regional employment centers.
Development is primarily focused on residential infill and commercial revitalization along the M-59 corridor.
The Oakland County Equalization Division oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to Waterford School District taxes and various county-wide special assessments for parks and public safety.
Property insurance premiums are influenced by regional weather patterns and proximity to inland water bodies.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 48328.
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.
- Dave & Buster's Livonia415.2 mi
- Dave & Buster's Utica4.117 mi
- Round1 Bowling & Arcade - Auburn Hills4.14.8 mi
- Urban Air Trampoline and Adventure Park4.217.2 mi
- Red Oaks Waterpark4.415.3 mi
- Pine Knob Music Theatre4.67.3 mi
- Topgolf4.25 mi
- Vibe Credit Union Showplace4.313.2 mi
- Michigan Renaissance Festival4.417.9 mi
- SEA LIFE Michigan Aquarium4.35 mi
- SEA LIFE Michigan Aquarium4.35 mi
- Emagine Novi4.512.6 mi
- MJR Troy Cinema4.412.1 mi
- Emagine Rochester Hills4.611.2 mi
- Round1 Bowling & Arcade - Auburn Hills4.14.8 mi
- Cranbrook House & Gardens4.87.2 mi
- Sri Venkateswara Temple & Cultural Center4.813.4 mi
- Cranbrook Institute of Science4.76.8 mi
- Meadow Brook Hall4.87.7 mi
- River Bends Park4.714.9 mi
- Glenlore Trails4.57.8 mi
- Innovation Hills4.78.2 mi
- Cranbrook House & Gardens4.87.2 mi
- Heritage Park4.711.4 mi
- Borden Park4.612.2 mi
- Topgolf4.25 mi
- Shepherd's Hollow Golf Club4.38.5 mi
- Novi Putting Edge4.212.4 mi
- On The Dunes Sports4.27.7 mi
- Pine Knob Golf Club4.47 mi
- Great Lakes Crossing Outlets4.54.9 mi
- Somerset Collection4.610 mi
- Twelve Oaks Mall4.412.1 mi
- Meijer4.211 mi
- Meijer410.3 mi
- Detroit Metropolitan Wayne County Airport4.329.6 mi
- Bishop International Airport4.530.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The largest lake in Oakland County, offering boating, fishing, and public beach access.
Features a water park, mountain bike trails, and extensive green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.