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These days, finding an affordable place to live in the 48003 area can be challenging. Home prices in 48003 are now at a median cost of $239,605, higher than the Michigan average of $196,062.
The average cost of rent is $995/mo in 48003, primarily driven by the current value of real estate in the 48003 area. While nearly 32.72% of residents own their homes outright in 48003, 7.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48003 is $7,542 per month. Households that rent pay about 13.19% of their income on rent here. 48003's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48428, MI: equally priced homes
- 48002, MI: equally priced homes
- 48065, MI: higher priced homes
- 48367, MI: higher priced homes
- 48444, MI: less expensive homes
- 48005, MI: equally priced homes
- 48014, MI: less expensive homes
- 48370, MI: higher priced homes
- 48412, MI: less expensive homes
- 48041, MI: equally priced homes
Zip Codes with Similar Populations
- 01073, MA: higher priced homes
- 67701, KS: less expensive homes
- 65066, MO: less expensive homes
- 61530, IL: less expensive homes
- 55071, MN: equally priced homes
- 53122, WI: higher priced homes
- 51012, IA: less expensive homes
- 49087, MI: equally priced homes
- 48353, MI: equally priced homes
- 46996, IN: less expensive homes
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