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These days, finding an affordable place to live in the 48001 area can be challenging. Home prices in 48001 are now at a median cost of $248,942, lower than the Michigan average of $250,415.
The average cost of rent is $966/mo in 48001, primarily driven by the current value of real estate in the 48001 area. In 48001, 13.64% of households rent, and 41.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48001 is $5,980 per month. Households that rent pay about 16.15% of their income on rent here. 48001’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48028, MI: higher priced homes
- 48039, MI: less expensive homes
- 48023, MI: less expensive homes
- 48054, MI: higher priced homes
- 48064, MI: equally priced homes
- 48047, MI: higher priced homes
- 48048, MI: less expensive homes
- 48051, MI: equally priced homes
- 48045, MI: equally priced homes
- 48050, MI: higher priced homes
Zip Codes with Similar Populations
- 16635, PA: less expensive homes
- 21788, MD: higher priced homes
- 19611, PA: less expensive homes
- 19312, PA: higher priced homes
- 93923, CA: higher priced homes
- 19060, PA: higher priced homes
- 22968, VA: higher priced homes
- 18031, PA: higher priced homes
- 18014, PA: higher priced homes
- 17972, PA: less expensive homes
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