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These days, finding an affordable place to live in the 48041 area can be challenging. Home prices in 48041 are now at a median cost of $236,839, higher than the Michigan average of $196,062.
The average cost of rent is $641/mo in 48041, primarily driven by the current value of real estate in the 48041 area. While nearly 40.66% of residents own their homes outright in 48041, 10.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48041 is $7,675 per month. Households that rent pay about 8.35% of their income on rent here. 48041's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48002, MI: equally priced homes
- 48027, MI: less expensive homes
- 48022, MI: less expensive homes
- 48062, MI: less expensive homes
- 48005, MI: higher priced homes
- 48063, MI: equally priced homes
- 48014, MI: less expensive homes
- 48006, MI: less expensive homes
- 48003, MI: equally priced homes
- 48074, MI: less expensive homes
Zip Codes with Similar Populations
- 06259, CT: higher priced homes
- 74902, OK: less expensive homes
- 35133, AL: less expensive homes
- 35586, AL: less expensive homes
- 97026, OR: higher priced homes
- 96064, CA: less expensive homes
- 94964, CA: higher priced homes
- 47138, IN: less expensive homes
- 93675, CA: higher priced homes
- 80642, CO: higher priced homes
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