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These days, finding an affordable place to live in the 48038 area can be challenging. Home prices in 48038 are now at a median cost of $200,720, higher than the Michigan average of $196,062.
The average cost of rent is $1,047/mo in 48038, primarily driven by the current value of real estate in the 48038 area. While nearly 36.10% of residents own their homes outright in 48038, 28.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48038 is $5,997 per month. Households that rent pay about 17.45% of their income on rent here. 48038's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48036, MI: less expensive homes
- 48313, MI: equally priced homes
- 48044, MI: higher priced homes
- 48043, MI: less expensive homes
- 48035, MI: less expensive homes
- 48312, MI: equally priced homes
- 48315, MI: higher priced homes
- 48026, MI: less expensive homes
- 48042, MI: higher priced homes
- 48314, MI: higher priced homes
Zip Codes with Similar Populations
- 30319, GA: higher priced homes
- 92867, CA: higher priced homes
- 92555, CA: higher priced homes
- 34293, FL: higher priced homes
- 33160, FL: higher priced homes
- 33155, FL: higher priced homes
- 32940, FL: higher priced homes
- 32907, FL: equally priced homes
- 32835, FL: equally priced homes
- 32746, FL: higher priced homes
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