ZIP Code 48242

Detroit, MI — income, home value, property tax, and sales tax.

Median household income
N/A
Per-capita income
N/A
Median home value
$178,500
Property tax rate
1.63%
Combined sales tax
6.00%

Households in ZIP code 48242, near Detroit, pay property taxes at an effective rate of 1.63% at the county level, so a home's assessed value directly shapes the annual bill. Sales taxes add 6.00% to purchases, a cost that shows up on everyday spending rather than once a year. Together these rates mean a budget here has to account for both a recurring property tax obligation and a steady tax on goods bought locally. How comfortably a household absorbs both depends largely on earnings, since a fixed property tax bill takes a bigger bite from a smaller income.