The story of this market
The typical home in ZIP 48382 sells for about $599,450, or $215 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,875 a month.
ZIP 48382 — Commerce Township
The 48382 housing market shows steady appreciation and strong demand, driven by high household incomes and a desirable suburban environment. While inventory remains tight, the market is supported by consistent interest from family buyers, though potential investors face risks due to current price levels and limited rental yield growth.
This ZIP is ideal for families and professionals seeking suburban living with access to lakes and high-quality schools, offering a balance between residential space and proximity to regional employment hubs.
Median prices moved up 3.1% year over year.
Homes spend a median of 41 days on market with 3.6 months of supply — a fast-moving market.
28% 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 3.3% · poverty 5.7% — 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 6.5%/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 6.6%/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 48382, Oakland County MI
Commerce Township generally reports lower crime rates compared to the broader Detroit-Warren-Dearborn metropolitan area, maintaining a suburban safety profile.
The area is served by highly-rated public school districts, including Walled Lake Consolidated Schools, which are recognized for strong academic performance and college readiness.
The region faces standard Midwestern climate risks, including seasonal severe storms and potential localized flooding near the area's numerous lakes; property insurance remains stable but sensitive to regional weather patterns.
Economic momentum is driven by proximity to major Oakland County employment hubs and corporate corridors, with ongoing residential development in master-planned communities.
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 typically face a 30-minute average commute, primarily via highway corridors connecting to major employment centers in the Detroit-Warren-Dearborn metro area.
The area features extensive access to recreational amenities, including numerous lakes, public parks, golf courses, and local shopping districts within a 3-mile radius.
The rental market is characterized by moderate demand and limited inventory, with rents trending upward in line with regional suburban growth.
The local economy is supported by a mix of professional services, manufacturing, and retail, benefiting from the broader Oakland County economic base.
Transportation is primarily automobile-dependent, with access to major regional highways facilitating commutes to Detroit and surrounding suburbs.
Development is focused on infill residential projects and the expansion of suburban amenities to accommodate population growth.
The Oakland County Equalization Division oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district taxes, county-wide millages, and specific municipal service assessments.
Property insurance premiums are generally stable, though coverage for water-related hazards is a consideration for properties near the area's numerous lakes.
Data retrieved from Census Reporter and US Zip Codes 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 Livonia412.3 mi
- Round1 Bowling & Arcade - Auburn Hills4.113.5 mi
- The HUB Stadium & Restaurant, Auburn Hills4.414.8 mi
- Urban Air Trampoline and Adventure Park3.617.8 mi
- Sky Zone Trampoline Park4.33.8 mi
- Pine Knob Music Theatre4.612.9 mi
- Topgolf4.213.8 mi
- Vibe Credit Union Showplace4.37.2 mi
- Michigan Renaissance Festival4.417.6 mi
- SEA LIFE Michigan Aquarium4.313.6 mi
- Kensington Metropark4.78.4 mi
- Emagine Novi4.57.2 mi
- Dave & Buster's Livonia412.3 mi
- AMC Livonia 203.812.2 mi
- Maybury State Park4.811.3 mi
- Cranbrook House & Gardens4.814 mi
- Sri Venkateswara Temple & Cultural Center4.87.7 mi
- Cranbrook Institute of Science4.713.7 mi
- Meadow Brook Hall4.817 mi
- Cranbrook Art Museum4.713.7 mi
- Kensington Metropark4.78.4 mi
- Glenlore Trails4.52.4 mi
- Maybury State Park4.811.3 mi
- Heritage Park4.710.5 mi
- Island Lake Recreation Area4.711.7 mi
- Shepherd's Hollow Golf Club4.39.8 mi
- Novi Putting Edge4.27.1 mi
- Lyon Oaks County Park and Golf Course4.35.7 mi
- Tanglewood Golf Course4.410 mi
- On The Dunes Sports4.24.8 mi
- Twelve Oaks Mall4.47.4 mi
- One World Market - Novi4.78.3 mi
- Meijer4.211.6 mi
- Meijer4.15 mi
- Meijer4.26.7 mi
- Detroit Metropolitan Wayne County Airport4.327.6 mi
- Bishop International Airport4.528.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large state park offering hiking, fishing, and water access.
Central water feature providing recreational boating and fishing.
Public golf facility serving the local community.
Key-figure check: median price diverges 16.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $503,500 (-16% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.