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These days, finding an affordable place to live in the 48015 area can be challenging. Home prices in 48015 are now at a median cost of $172,985, lower than the Michigan average of $250,415.
The average cost of rent is $1,007/mo in 48015, primarily driven by the current value of real estate in the 48015 area. In 48015, 47.78% of households rent, and 36.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48015 is $5,772 per month. Households that rent pay about 17.44% of their income on rent here. 48015’s most expensive areas are in the central 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
- 48089, MI: less expensive homes
- 48091, MI: less expensive homes
- 48093, MI: higher priced homes
- 48092, MI: higher priced homes
- 48234, MI: less expensive homes
- 48088, MI: higher priced homes
- 48205, MI: less expensive homes
- 48030, MI: equally priced homes
- 48021, MI: less expensive homes
- 48071, MI: higher priced homes
Zip Codes with Similar Populations
- 75941, TX: less expensive homes
- 17316, PA: higher priced homes
- 18222, PA: higher priced homes
- 18330, PA: higher priced homes
- 18518, PA: equally priced homes
- 19807, DE: higher priced homes
- 23168, VA: higher priced homes
- 24605, VA: less expensive homes
- 24739, WV: less expensive homes
- 25304, WV: higher priced homes
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