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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 $250,139, lower than the Michigan average of $250,415.
The average cost of rent is $1,404/mo in 48034, primarily driven by the current value of real estate in the 48034 area. In 48034, 74.26% of households rent, and 37.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48034 is $5,759 per month. Households that rent pay about 24.38% of their income on rent here. 48034’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 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: equally priced 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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