Median home value in zip code 48096 (Ray, MI) is $406,574, up 6.9% year over year. Part of the Detroit-Warren-Dearborn, MI metropolitan area.

Home Value$406,574

YoY Change

+6.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 48096 (Ray).

Income (annual)

Down Payment

$81,315 on $406,574

Example: $75,000 household income. Change it above to see your own.

Out of reach44.7% of income

Need $119,657/yr to afford.

PITI$2,792

P/I44.7%

Afford$255K

Gap-$152K

P&I $2,056Tax $603Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

48096 is part of the Detroit-Warren-Dearborn, MI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Detroit-Warren-Dearborn, MI analysis

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