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Sarah Mitchell
Compass Real Estate · ZIP 48307
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48307 ZIP Code Housing Market
$402,500median sale price
What is the 48307 housing market like right now?
The median home sale price in ZIP code 48307 is $402,500, down 3.0% year-over-year. Homes sell in an average of 19 days with 81 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 48307 ZIP code a buyer's or seller's market?
ZIP code 48307 is currently a balanced market and homes selling in about 19 days. How we determine this →
What are the latest 48307 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $402,500 |
| Median list price | $424,900 |
| Year-over-year price change | -3.0% |
| Average days on market | 19 days |
| Active inventory | 81 listings |
| Sale-to-list price ratio | 100.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48307 zip code, located in Rochester Hills, MI, is currently classified as a balanced market. The median sale price stands at $402,500, representing a -3.0% change year over year. Homes in this area spend an average of 19 days on the market before going under contract. There are currently 81 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48307 sits in the Rochester Hills, MI area, roughly 1.9 miles from downtown Rochester Hills. Because home prices are set street by street, this ZIP can move differently from Rochester Hills's citywide averages. The figures below reflect 48307 specifically — drawn from Redfin transactions, U.S. Census data for its 44,714 residents, and Zillow value estimates.
Homes sold
114
Last 12 weeks
Days on market
19
Fast-moving
Active listings
81
Sale-to-list
100.4%
Above asking
What is driving the 48307 housing market?
The 48307 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 100.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48307 have declined -3.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 48307 stands at $425,541, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,723 per month. This gives a price-to-rent ratio of approximately 20.6, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48307?
Population
44,714
Median income
$106,576/yr
Median age
39.5 years
Owner-occupied
67.0%
College grads
58.6%
Avg commute
23.8 min
What is it like living in 48307?
Zip code 48307 is home to approximately 44,714 residents. The median household income is $106,576 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 67.0% 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 58.6% 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 23.8 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 48307.
Which public schools serve ZIP 48307?
9 schools tracked · 4,968 students
The largest public schools serving ZIP code 48307 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.
Rochester High School
Grades 7-12 · 1,671 students
Reuther Middle School
Grades 6-12 · 670 students
Hampton Elementary School
Grades PK-5 · 543 students
North Hill Elementary School
Grades PK-5 · 511 students
Brooklands Elementary School
Grades PK-5 · 482 students
Hamlin Elementary School
Grades PK-5 · 476 students
McGregor Elementary School
Grades PK-5 · 451 students
Rochester Community Schools Virtual Campus
Grades K-12 · 96 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 48307
What is the median home price in 48307?
The current median sale price in 48307 is $402,500, based on recent Redfin transaction data. Prices have changed -3.0% 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 48307 a buyer's or seller's market?
The 48307 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 48307?
Zip code 48307 has a population of approximately 44,714 residents. The median household income is $106,576 per year. About 67.0% 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 48307?
Properties Incorporated provides comprehensive data for 48307 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 48307 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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