The story of this market
The typical home in ZIP 48381 sells for about $406,995, or $218 per square foot.
Prices are down 8.4% from a year ago, which gives buyers more room to negotiate. Homes take about 17 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,466 a month.
ZIP 48381 — Milford
The Milford housing market shows signs of stability with a median price of $406,995 and a competitive pace of 17 days on market. While year-over-year prices have seen a slight correction, the low inventory of 79 active listings continues to support pricing. Demand remains driven by local families and commuters seeking suburban living within the Huron Valley School District.
This ZIP is well-suited for family buyers and commuters seeking a suburban environment with access to local schools and regional employment centers.
Median prices moved down 8.4% year over year.
Homes spend a median of 17 days on market with 3.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 46.15% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.3% — 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 5.8%/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 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48381, 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 Huron Valley School District, which includes local institutions like Johnson Elementary and Muir Middle School.
The area maintains a stable suburban economy with proximity to major regional employment hubs in Oakland County.
Property taxes are assessed at the local level by Oakland County, with rates determined by millage levies for schools, county services, and municipal operations.
Residents primarily commute via regional highway corridors toward the Detroit-Warren-Dearborn employment core.
The area features access to local parks, trails, and the historic Village of Milford, providing a mix of outdoor recreation and local shopping.
The rental market is characterized by moderate demand with a preference for 2-bedroom units, often priced between $750 and $999.
The local economy is supported by a mix of suburban retail, services, and proximity to the broader Oakland County industrial and corporate base.
Transportation is primarily automobile-dependent, utilizing major regional highway corridors for access to the Detroit metro area.
Development is focused on maintaining the historic character of the village while supporting residential growth in the surrounding township.
Parcels are subject to Huron Valley School District levies and standard Oakland County municipal assessments.
Data retrieved from US Census Bureau ZCTA profiles.
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 Livonia414.4 mi
- Round1 Bowling & Arcade - Auburn Hills4.117.1 mi
- The HUB Stadium & Restaurant, Auburn Hills4.418.8 mi
- Sky Zone Trampoline Park4.38 mi
- Urban Air Trampoline and Adventure Park4.27.8 mi
- Pine Knob Music Theatre4.615.7 mi
- Vibe Credit Union Showplace4.38.7 mi
- Topgolf4.217.5 mi
- Michigan Renaissance Festival4.417.6 mi
- SEA LIFE Michigan Aquarium4.317.3 mi
- Kensington Metropark4.75.5 mi
- Emagine Novi4.59.1 mi
- Maybury State Park4.811.8 mi
- Mt. Brighton Ski Resort4.111.3 mi
- MJR Waterford Cinema4.79.7 mi
- Cranbrook House & Gardens4.818.1 mi
- Sri Venkateswara Temple & Cultural Center4.89.1 mi
- Cranbrook Institute of Science4.717.9 mi
- Cranbrook Art Museum4.717.9 mi
- The Zekelman Holocaust Center4.813.7 mi
- Kensington Metropark4.75.5 mi
- Glenlore Trails4.56.4 mi
- Maybury State Park4.811.8 mi
- Island Lake Recreation Area4.78.4 mi
- Camp Dearborn41.6 mi
- SkipperBud's3.417.1 mi
- Mac's Marina Inc4.514.1 mi
- Shepherd's Hollow Golf Club4.311.8 mi
- Novi Putting Edge4.28.9 mi
- Lyon Oaks County Park and Golf Course4.35.2 mi
- Tanglewood Golf Course4.49.5 mi
- On The Dunes Sports4.28.6 mi
- Twelve Oaks Mall4.49.5 mi
- One World Market - Novi4.710.3 mi
- Meijer4.18.6 mi
- Meijer4.27.1 mi
- Meijer4.110.2 mi
- Detroit Metropolitan Wayne County Airport4.329 mi
- Bishop International Airport4.526.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic downtown area with local retail and dining.
Regional trail system for hiking and biking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.