The story of this market
The typical home in ZIP 48316 sells for about $385,000, or $212 per square foot.
Prices are down 8.3% from a year ago, which gives buyers more room to negotiate. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,378 a month.
ZIP 48316 — Shelby Township
The 48316 housing market remains competitive despite a slight year-over-year price correction, reflecting broader regional adjustments. High demand for suburban family housing continues to support values, while inventory levels remain tight. The market is currently driven by stable local employment and the area's reputation for quality schools and amenities.
This area is ideal for families and professionals seeking a suburban lifestyle with access to quality schools, parks, and major employment corridors, while offering a balance between residential space and urban convenience.
Median prices moved down 8.3% year over year.
Homes spend a median of 35 days on market with 2.8 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 6.2% — 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 6.7%/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 5.8%/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 48316, Macomb 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.
Shelby Township, which encompasses 48316, generally reports crime rates lower than the national average and is considered a safe suburban community within Macomb County.
The area is served by highly-rated public school districts, including Utica Community Schools, which are recognized for strong academic performance and diverse extracurricular offerings.
The region faces standard Midwestern climate risks, primarily related to severe thunderstorms and occasional winter weather; flood risk is generally low to moderate depending on proximity to local waterways.
The area benefits from proximity to major automotive and manufacturing hubs in Macomb County, with steady residential development and ongoing commercial expansion along the M-53 corridor.
Property taxes are assessed at the local level by Shelby Township and Macomb County, with rates determined by millage levies for schools, county services, and local infrastructure; Michigan's uncapping of taxable value upon sale is a key factor for new owners.
Residents primarily rely on personal vehicles for commuting, with convenient access to M-53 (Van Dyke Freeway) and M-59 providing connections to major employment centers in Troy, Sterling Heights, and Detroit.
The ZIP code features access to several local parks and green spaces, including the nearby Stony Creek Metropark, which offers extensive trails, water activities, and golf facilities.
The rental market is characterized by moderate demand driven by suburban professionals and families, with limited vacancy pressure and stable rent growth consistent with the broader Macomb County market.
The local economy is anchored by the automotive, manufacturing, and healthcare sectors, with significant employment provided by major regional employers in Macomb and Oakland Counties.
Transportation is dominated by highway infrastructure, specifically the M-53 and M-59 corridors, with limited public transit options beyond local bus services.
Development is focused on the revitalization of aging commercial corridors and the expansion of residential subdivisions in the northern sections of the township.
Parcels are subject to standard township and county millages, with specific assessments for school districts and local utility infrastructure.
Property insurance premiums are generally stable, though homeowners should account for standard coverage related to wind and storm damage common in Southeast Michigan.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 48316.
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.
- C.J. Barrymore's4.49.6 mi
- Dave & Buster's Utica4.14.6 mi
- Round1 Bowling & Arcade - Auburn Hills4.111.7 mi
- Urban Air Trampoline and Adventure Park4.25.1 mi
- Red Oaks Waterpark4.411.2 mi
- Pine Knob Music Theatre4.616 mi
- Topgolf4.211.2 mi
- SEA LIFE Michigan Aquarium4.311.7 mi
- C.J. Barrymore's4.49.6 mi
- Michigan Lottery Amphitheatre at Freedom Hill4.49.5 mi
- Blake's Orchard & Cider Mill4.312.9 mi
- Stony Creek Metropark4.71.8 mi
- SEA LIFE Michigan Aquarium4.311.7 mi
- C.J. Barrymore's4.49.6 mi
- MJR Marketplace Cinema4.59.2 mi
- Cranbrook House & Gardens4.812 mi
- Ford House4.718.7 mi
- Cranbrook Institute of Science4.712 mi
- Meadow Brook Hall4.86.8 mi
- River Bends Park4.72.3 mi
- Stony Creek Metropark4.71.8 mi
- Dodge Park4.76.8 mi
- Innovation Hills4.76.4 mi
- Cranbrook House & Gardens4.812 mi
- Red Oaks Waterpark4.411.2 mi
- Topgolf4.211.2 mi
- Cherry Creek Golf Club4.52.4 mi
- Sycamore Hills Golf Club MICHIGAN3.99.8 mi
- Fieldstone Golf Club3.99.6 mi
- Evolution Sportsplex4.49.8 mi
- Great Lakes Crossing Outlets4.511.8 mi
- Somerset Collection4.610.4 mi
- Oakland Mall4.110.4 mi
- Meijer4.211.5 mi
- The Mall at Partridge Creek4.57.4 mi
- Windsor International Airport4.228.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large regional park offering boating, swimming, hiking, and golf.
A historic landmark and event venue located within the vicinity.
Major retail and dining hub serving the surrounding communities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.