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These days, finding an affordable place to live in the 48006 area can be challenging. Home prices in 48006 are now at a median cost of $196,842, higher than the Michigan average of $196,062.
The average cost of rent is $740/mo in 48006, primarily driven by the current value of real estate in the 48006 area. While nearly 35.71% of residents own their homes outright in 48006, 5.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48006 is $5,489 per month. Households that rent pay about 13.47% of their income on rent here. 48006's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48032, MI: equally priced homes
- 48022, MI: equally priced homes
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- 48097, MI: less expensive homes
- 48027, MI: equally priced homes
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- 48041, MI: higher priced homes
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Zip Codes with Similar Populations
- 23690, VA: higher priced homes
- 44084, OH: less expensive homes
- 99323, WA: higher priced homes
- 68372, NE: higher priced homes
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- 57555, SD: less expensive homes
- 56055, MN: equally priced homes
- 54479, WI: less expensive homes
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