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These days, finding an affordable place to live in the 48023 area can be challenging. Home prices in 48023 are now at a median cost of $222,368, higher than the Michigan average of $196,062.
The average cost of rent is $1,178/mo in 48023, primarily driven by the current value of real estate in the 48023 area. While nearly 46.00% of residents own their homes outright in 48023, 14.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48023 is $7,651 per month. Households that rent pay about 15.40% of their income on rent here. 48023's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48064, MI: equally priced homes
- 48047, MI: equally priced homes
- 48048, MI: less expensive homes
- 48001, MI: equally priced homes
- 48039, MI: less expensive homes
- 48051, MI: less expensive homes
- 48028, MI: higher priced homes
- 48050, MI: higher priced homes
- 48054, MI: equally priced homes
- 48045, MI: equally priced homes
Zip Codes with Similar Populations
- 22849, VA: less expensive homes
- 79027, TX: less expensive homes
- 78947, TX: equally priced homes
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- 25951, WV: less expensive homes
- 25545, WV: less expensive homes
- 25510, WV: less expensive homes
- 25506, WV: less expensive homes
- 25159, WV: less expensive homes
- 24801, WV: less expensive homes
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