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Area data

Independence, MI — ZIP 48348

Population: 24,574 (Census ACS)

The median home value in ZIP 48348 (Independence, MI) is $518,928 — up 3.5% over the past year. Homes sell for a median $520,000 after a median 14 days on market. Typical rent runs $2,225/month. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, icestorm, strongwind the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$518,928

Median home value

+3.5%

1-year change

14

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$518,928
1-year appreciation
+3.5%
3-year appreciation
+11.7%
5-year appreciation
+26.7%
10-year appreciation
+69.6%
All-time peak (2026-07)
$518,928
House Price Index (state)
387.5 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$520,000
Median list price
$599,000
Median price per sqft
$201
1-year sale-price change
-8.8%
Median days on market
14 days
Homes sold (recent period)
59
For-sale inventory
91
Sale-to-list ratio
100.6%
Active listings
46
1-year forecast
+1.5%
Days to pending
30 days
New listings (monthly)
44

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,225/mo
Studio fair-market rent
$1,040/mo
1BR fair-market rent
$1,160/mo
2BR fair-market rent
$1,460/mo
3BR fair-market rent
$1,780/mo
4BR fair-market rent
$1,930/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
3
Middle schools
0
High schools
0
Schools include
Springfield Plains Elem School, Independence Elementary School, Bailey Lake Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, iceStorm, strongWind, tornado, heatWave
Notable hazard ratings (county)
coldWave: Very High · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively High · iceStorm: Very High · inlandFlooding: Relatively High
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 9% of US counties
Buildings in wildfire direct-exposure zone
24.6%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Springfield Township Dump (8.3 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
35.4 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
41
Days with Good air quality
193
Days with Moderate air quality
58
Days with Unhealthy air quality
1
Highest AQI recorded (year)
169

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
61,025
Jobs reachable by transit (45 min)
53,787

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
River Raisin National Battlefield Park (59 mi)
Airports within 30 mi
21
Nearest airport
Ed Schulte's Place STOLport (4 mi)
Nearest major airport
Oakland County International Airport (PTK) (7 mi)
Hospitals nearby (~15 mi)
10
Hospitals include
TRINITY HEALTH OAKLAND HOSPITAL, BEAUMONT HOSPITAL ROYAL OAK, ASCENSION GENESYS HOSPITAL
Avg hospital rating (CMS)
2.4 / 5
Best hospital rating nearby (CMS)
3.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-3,502 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,991
Housing built before 1970
13.1%
Housing built 2000 or later
27.3%
Median annual property tax
$5,416
Mean commute to work
22 min
Households with broadband internet
84.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
680,690
Average weekly wage
$1,465
Top industries (by employment)
Health Care, Professional Services, Accommodation & Food
Annual residential building permits (county)
1,342

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 48348State medianUS median
Median home value$518,928$246,351$289,727
Median sale price$520,000$265,000$325,000
Median days on market14 days36 days51 days
Typical rent$2,225/mo$1,494/mo$1,808/mo
Median annual property tax$5,416$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 48348?
$518,928.
What is the median sale price in ZIP 48348?
$520,000.
How long do homes take to sell in ZIP 48348?
Median days on market: 14 days.
What is typical rent in ZIP 48348?
Typical rent: $2,225/month.
What is the natural-hazard risk in ZIP 48348?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, iceStorm, strongWind, tornado, heatWave.
Is ZIP 48348 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 48348?
Risk to homes is higher than 9% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 48348?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 48348?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 48348?
3 schools (3 elementary) (NCES, 2022-23).
Is ZIP 48348 walkable?
Walkability index: 8.3/20 (EPA Smart Location Database).
What is the air quality in ZIP 48348?
Good. Median AQI: 41. (EPA AQI).
What is the cost of living in ZIP 48348?
Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents