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These days, finding an affordable place to live in the 48034 area can be challenging. Home prices in 48034 are now at a median cost of $198,281, higher than the Michigan average of $196,062.
The average cost of rent is $1,216/mo in 48034, primarily driven by the current value of real estate in the 48034 area. While nearly 35.88% of residents own their homes outright in 48034, 75.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48034 is $4,683 per month. Households that rent pay about 25.98% of their income on rent here. 48034's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48033, MI: less expensive homes
- 48025, MI: higher priced homes
- 48076, MI: equally priced homes
- 48334, MI: higher priced homes
- 48301, MI: higher priced homes
- 48336, MI: equally priced homes
- 48075, MI: less expensive homes
- 48240, MI: less expensive homes
- 48009, MI: higher priced homes
- 48219, MI: less expensive homes
Zip Codes with Similar Populations
- 39339, MS: less expensive homes
- 64468, MO: less expensive homes
- 62034, IL: higher priced homes
- 46975, IN: less expensive homes
- 44103, OH: less expensive homes
- 43125, OH: less expensive homes
- 43021, OH: higher priced homes
- 40210, KY: less expensive homes
- 39367, MS: less expensive homes
- 64507, MO: less expensive homes
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