48162 — Monroe, MI Home Values
Typical home value $242,624 as of June 2026 · 12th of 15 in Monroe, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48162, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48162 compares in the Monroe, MI area
ZIP code 48162 (Monroe, MI) has a typical home value of $242,624 as of June 2026, ranking 12th of 15 ZIP codes tracked in the Monroe, MI area, more expensive than about 27% of ZIP codes in the metro. Prices here have moved +5.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +27.4%, from $190,425 in June 2021 to $242,624 in June 2026. Against observed rent, the typical home here sells for 16.7× the annual rent ($1,211/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Monroe, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Monroe.
Population and demographics
ZIP code 48162 has a population of 28,275, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 91.3% White, 3% Hispanic or Latino, 2.6% two or more races, 1.9% Black or African American, 0.5% Asian, 0.4% another race, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Raisinville School | 2300 N RAISINVILLE RD, MONROE, MI | 1.1 mi |
| Manor Elementary School | 1731 W LORAIN ST, MONROE, MI | 2 mi |
| Monroe County Youth Center | 3600 S CUSTER RD, MONROE, MI | 2.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48162?
$242,624 as of June 2026, the latest month Zillow has published observed data for.
Is 48162 an expensive ZIP code in the Monroe, MI area?
48162 ranks 12th of 15 ZIP codes in the Monroe, MI area by typical home value, more expensive than about 27% of ZIP codes in the metro.
How much have home values in 48162 changed over the past year?
+5.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48162?
The typical home price is 16.7× the observed annual rent in this ZIP code ($1,211/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48162?
28,275, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48162?
Raisinville School (1.1 mi), Manor Elementary School (2 mi), Monroe County Youth Center (2.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48162?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Monroe, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.