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These days, finding an affordable place to live in the 48002 area can be challenging. Home prices in 48002 are now at a median cost of $308,512, higher than the Michigan average of $250,415.
The average cost of rent is $983/mo in 48002, primarily driven by the current value of real estate in the 48002 area. In 48002, 1.71% of households rent, and 42.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48002 is $7,147 per month. Households that rent pay about 13.75% of their income on rent here. 48002’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 48005, MI: higher priced homes
- 48003, MI: equally priced homes
- 48041, MI: equally priced homes
- 48014, MI: less expensive homes
- 48022, MI: less expensive homes
- 48065, MI: higher priced homes
- 48062, MI: less expensive homes
- 48444, MI: less expensive homes
- 48428, MI: equally priced homes
- 48027, MI: less expensive homes
Zip Codes with Similar Populations
- 87052, NM: less expensive homes
- 05257, VT: equally priced homes
- 62858, IL: less expensive homes
- 05777, VT: less expensive homes
- 52591, IA: less expensive homes
- 06330, CT: less expensive homes
- 71744, AR: less expensive homes
- 56554, MN: higher priced homes
- 24656, VA: less expensive homes
- 45786, OH: less expensive homes
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