The story of this market
The typical home in ZIP 48329 sells for about $339,450, or $217 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,184 a month.
ZIP 48329 — Waterford
The 48329 housing market is currently experiencing a period of price stabilization with moderate inventory growth. While year-over-year prices show a slight decline, the market remains competitive for well-priced homes, driven by steady demand from local buyers and limited supply.
This ZIP is well-suited for family buyers and commuters seeking suburban living with access to lakes and regional employment hubs, while offering a more affordable entry point compared to neighboring Oakland County markets.
Median prices moved down 1.2% year over year.
Homes spend a median of 33 days on market with 2.5 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 4.3% · poverty 6.7% — 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 8.3%/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 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48329, 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.
The area is served by the Waterford School District, which provides a range of public educational options for local families.
The area benefits from its proximity to major Oakland County employment hubs and ongoing suburban development.
Property taxes are assessed at the local level by Oakland County and the township, subject to Michigan's Proposal A limitations on taxable value growth.
Residents primarily commute by car, with access to major regional corridors like M-59 and I-75 providing connectivity to the broader Detroit metro employment centers.
The area features numerous lakes and parks typical of the Waterford region, offering residents access to outdoor recreation, local shopping centers, and dining options.
The rental market shows stable demand with a resilient renter share, though investors face elevated management overhead in this suburban environment.
The local economy is anchored by the broader Oakland County industrial and service sectors, with significant employment in automotive, healthcare, and retail.
Transportation is heavily reliant on private vehicles, with regional transit limited to major highway corridors.
Development is primarily focused on residential infill and commercial upgrades along the M-59 corridor.
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 millages for public services.
Property insurance premiums are influenced by regional weather patterns and standard suburban risk profiles.
Michigan is a judicial foreclosure state with specific notice and redemption periods for homeowners.
Sellers are required to provide a written disclosure statement regarding the condition of the property at the time of sale.
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.
- Dave & Buster's Livonia417.7 mi
- Round1 Bowling & Arcade - Auburn Hills4.14.8 mi
- Dave & Buster's Utica4.119.5 mi
- Urban Air Trampoline and Adventure Park4.219.8 mi
- The HUB Stadium & Restaurant, Auburn Hills4.47.7 mi
- Pine Knob Music Theatre4.64.4 mi
- Topgolf4.25.3 mi
- Vibe Credit Union Showplace4.314.6 mi
- Michigan Renaissance Festival4.414.3 mi
- SEA LIFE Michigan Aquarium4.34.9 mi
- SEA LIFE Michigan Aquarium4.34.9 mi
- Round1 Bowling & Arcade - Auburn Hills4.14.8 mi
- LEGOLAND® Discovery Center Michigan4.24.9 mi
- MJR Waterford Cinema4.72.7 mi
- Innovation Hills4.710.6 mi
- Cranbrook House & Gardens4.810.8 mi
- Sri Venkateswara Temple & Cultural Center4.814.9 mi
- Cranbrook Institute of Science4.710.4 mi
- Meadow Brook Hall4.89.6 mi
- River Bends Park4.717.1 mi
- Glenlore Trails4.58.4 mi
- Innovation Hills4.710.6 mi
- Cranbrook House & Gardens4.810.8 mi
- Holly Recreation Area4.711.3 mi
- Firefighters Park4.611.8 mi
- Topgolf4.25.3 mi
- Shepherd's Hollow Golf Club4.35 mi
- On The Dunes Sports4.29.3 mi
- Pine Knob Golf Club4.44.1 mi
- Paint Creek Country Club4.49.1 mi
- Great Lakes Crossing Outlets4.54.8 mi
- Canterbury Village4.36.9 mi
- Meijer4.19.7 mi
- Meijer4.12.3 mi
- Meijer45.4 mi
- Bishop International Airport4.526.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features a waterpark, mountain bike trails, and picnic areas.
Offers hiking trails and educational programs in a natural setting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.