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Sarah Mitchell
Compass Real Estate · ZIP 48116
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48116 ZIP Code Housing Market
$406,000median sale price
What is the 48116 housing market like right now?
The median home sale price in ZIP code 48116 is $406,000, up 6.8% year-over-year. Homes sell in an average of 29 days with 73 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 48116 ZIP code a buyer's or seller's market?
ZIP code 48116 is currently a balanced market and homes selling in about 29 days. How we determine this →
What are the latest 48116 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $406,000 |
| Median list price | $429,900 |
| Year-over-year price change | +6.8% |
| Average days on market | 29 days |
| Active inventory | 73 listings |
| Sale-to-list price ratio | 100.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48116 zip code, located in Brighton, MI, is currently classified as a balanced market. The median sale price stands at $406,000, representing a +6.8% change year over year. Homes in this area spend an average of 29 days on the market before going under contract. There are currently 73 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48116 sits in the Brighton, MI area, roughly 1.7 miles from downtown Brighton. Because home prices are set street by street, this ZIP can move differently from Brighton's citywide averages. The figures below reflect 48116 specifically — drawn from Redfin transactions, U.S. Census data for its 27,289 residents, and Zillow value estimates.
Homes sold
103
Last 12 weeks
Days on market
29
Average pace
Active listings
73
Sale-to-list
100.5%
Above asking
What is driving the 48116 housing market?
The 48116 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48116 have increased +6.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 48116 stands at $420,974, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,567 per month. This gives a price-to-rent ratio of approximately 13.7, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48116?
Population
27,289
Median income
$106,763/yr
Median age
46.6 years
Owner-occupied
85.3%
College grads
51.8%
Avg commute
26.23 min
What is it like living in 48116?
Zip code 48116 is home to approximately 27,289 residents. The median household income is $106,763 per year, which shapes the types of homes and amenities available in the area. With a median age of 46.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 85.3% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 51.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 26.23 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48116.
Which public schools serve ZIP 48116?
9 schools tracked · 5,389 students
The largest public schools serving ZIP code 48116 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Brighton High School
Grades 9-12 · 1,901 students
Scranton Middle School
Grades 7-8 · 849 students
Maltby Intermediate School
Grades 5-6 · 843 students
Hornung Elementary School
Grades K-4 · 561 students
Hawkins Elementary School
Grades K-4 · 551 students
Charyl Stockwell Academy High School
Grades 9-12 · 317 students
Charyl Stockwell Academy Middle School
Grades 6-8 · 281 students
Bridge Alternative High School
Grades 9-12 · 86 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 48116
What is the median home price in 48116?
The current median sale price in 48116 is $406,000, based on recent Redfin transaction data. Prices have changed +6.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48116 a buyer's or seller's market?
The 48116 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 48116?
Zip code 48116 has a population of approximately 27,289 residents. The median household income is $106,763 per year. About 85.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48116?
Properties Incorporated provides comprehensive data for 48116 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48116 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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