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These days, finding an affordable place to live in the 48032 area can be challenging. Home prices in 48032 are now at a median cost of $245,223, lower than the Michigan average of $250,415.
The average cost of rent is $1,083/mo in 48032, primarily driven by the current value of real estate in the 48032 area. In 48032, 8.02% of households rent, and 44.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48032 is $7,211 per month. Households that rent pay about 15.02% of their income on rent here. 48032’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 48006, MI: equally priced homes
- 48059, MI: equally priced homes
- 48049, MI: equally priced homes
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- 48097, MI: less expensive homes
- 48454, MI: less expensive homes
- 48022, MI: equally priced homes
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- 48014, MI: less expensive homes
Zip Codes with Similar Populations
- 79520, TX: less expensive homes
- 51455, IA: less expensive homes
- 51576, IA: higher priced homes
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