Affordable
Expensive
Expensive
Colorblind friendly
off
These days, finding an affordable place to live in the 48040 area can be challenging. Home prices in 48040 are now at a median cost of $149,270, lower than the Michigan average of $196,062.
The average cost of rent is $847/mo in 48040, primarily driven by the current value of real estate in the 48040 area. While nearly 46.05% of residents own their homes outright in 48040, 16.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48040 is $5,161 per month. Households that rent pay about 16.42% of their income on rent here. 48040's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48074, MI: equally priced homes
- 48060, MI: less expensive homes
- 48079, MI: higher priced homes
- 48049, MI: higher priced homes
- 48059, MI: higher priced homes
- 48027, MI: higher priced homes
- 48063, MI: higher priced homes
- 48006, MI: higher priced homes
- 48062, MI: higher priced homes
- 48041, MI: higher priced homes
Zip Codes with Similar Populations
- 12414, NY: higher priced homes
- 81620, CO: higher priced homes
- 01475, MA: higher priced homes
- 92325, CA: higher priced homes
- 24522, VA: equally priced homes
- 23801, VA: equally priced homes
- 19072, PA: higher priced homes
- 99320, WA: higher priced homes
- 15906, PA: less expensive homes
- 15656, PA: equally priced homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood