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These days, finding an affordable place to live in the 48027 area can be challenging. Home prices in 48027 are now at a median cost of $203,058, higher than the Michigan average of $196,062.
The average cost of rent is $891/mo in 48027, primarily driven by the current value of real estate in the 48027 area. While nearly 33.31% of residents own their homes outright in 48027, 7.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48027 is $6,562 per month. Households that rent pay about 13.58% of their income on rent here. 48027's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48041, MI: higher priced homes
- 48074, MI: less expensive homes
- 48063, MI: higher priced homes
- 48049, MI: equally priced homes
- 48006, MI: equally priced homes
- 48022, MI: equally priced homes
- 48062, MI: equally priced homes
- 48040, MI: less expensive homes
- 48079, MI: equally priced homes
- 48060, MI: less expensive homes
Zip Codes with Similar Populations
- 04217, ME: equally priced homes
- 98314, WA: higher priced homes
- 85631, AZ: less expensive homes
- 80643, CO: higher priced homes
- 78562, TX: less expensive homes
- 76055, TX: less expensive homes
- 71049, LA: less expensive homes
- 71023, LA: less expensive homes
- 54830, WI: equally priced homes
- 54180, WI: higher priced homes
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