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These days, finding an affordable place to live in the 48022 area can be challenging. Home prices in 48022 are now at a median cost of $189,055, lower than the Michigan average of $196,062.
The average cost of rent is $833/mo in 48022, primarily driven by the current value of real estate in the 48022 area. While nearly 37.33% of residents own their homes outright in 48022, 2.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48022 is $6,850 per month. Households that rent pay about 12.16% of their income on rent here. 48022's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48014, MI: less expensive homes
- 48006, MI: equally priced homes
- 48041, MI: higher priced homes
- 48097, MI: less expensive homes
- 48002, MI: higher priced homes
- 48027, MI: equally priced homes
- 48454, MI: less expensive homes
- 48049, MI: equally priced homes
- 48032, MI: equally priced homes
- 48444, MI: equally priced homes
Zip Codes with Similar Populations
- 13143, NY: less expensive homes
- 38665, MS: less expensive homes
- 84317, UT: higher priced homes
- 31044, GA: less expensive homes
- 95053, CA: higher priced homes
- 97380, OR: higher priced homes
- 29080, SC: less expensive homes
- 22514, VA: higher priced homes
- 24380, VA: equally priced homes
- 14865, NY: less expensive homes
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