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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 $247,044, lower than the Michigan average of $250,415.
The average cost of rent is $1,184/mo in 48006, primarily driven by the current value of real estate in the 48006 area. In 48006, 5.66% of households rent, and 42.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48006 is $6,049 per month. Households that rent pay about 19.57% of their income on rent here. 48006’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 48032, MI: equally priced homes
- 48022, MI: equally priced homes
- 48049, MI: equally priced homes
- 48097, MI: less expensive homes
- 48027, MI: higher priced homes
- 48059, MI: equally priced homes
- 48074, MI: less expensive homes
- 48041, MI: higher priced homes
- 48454, MI: less expensive 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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