ZIP Code 48316 — Shelby Township, MI Home Prices (2026)
The typical home in ZIP 48316 (Shelby Township, Michigan) is worth about $425,000 at roughly $201 per square foot — about the same as the Shelby Township median and 45% more expensive than the typical U.S. home.
How 48316 compares
ZIP 48316 is a mid-priced ZIP code for Shelby Township: its typical home value of $425,000 ranks #2 of the 3 Shelby Township ZIP codes we track (the citywide range runs from $304,000 in 48317 to $482,000 in 48315). Per square foot it costs about $201, against $206 for Shelby Township as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48316 | $425,000 | $201 |
| Shelby Township, MI | $425,000 | $206 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48316
Using this ZIP’s rate of about $201 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $201,000 |
| 1,500 sq ft | $301,500 |
| 2,000 sq ft | $402,000 |
| 2,500 sq ft | $502,500 |
| 3,000 sq ft | $603,000 |
Salary needed to buy a home in ZIP 48316
To buy the typical $425,000 home in ZIP 48316 with 20% down, you need a household income of roughly $116,000 a year (about $2,700 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $137,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $21,300 | $3,350/mo | $144,000/yr |
| 10% (+PMI) | $42,500 | $3,210/mo | $137,000/yr |
| 20% | $85,000 | $2,700/mo | $116,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48316
At about $201 per square foot, here is roughly how much home different budgets get you in ZIP 48316:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 1000 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1240 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1490 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1990 sq ft | around the typical home here |
| $500k | 2490 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48316 home.
Estimate a specific home in 48316
The estimator below is pre-set to ZIP 48316 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Shelby Township ZIP codes by home value
Where 48316 sits among Shelby Township’s 3 ZIP codes:
ZIP 48316 home prices: frequently asked
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See the full Shelby Township home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.