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These days, finding an affordable place to live in the 48042 area can be challenging. Home prices in 48042 are now at a median cost of $417,243, higher than the Michigan average of $250,415.
The average cost of rent is $1,683/mo in 48042, primarily driven by the current value of real estate in the 48042 area. In 48042, 3.95% of households rent, and 28.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48042 is $10,946 per month. Households that rent pay about 15.38% of their income on rent here. 48042’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 48044, MI: less expensive homes
- 48315, MI: equally priced homes
- 48096, MI: less expensive homes
- 48051, MI: less expensive homes
- 48038, MI: less expensive homes
- 48094, MI: equally priced homes
- 48043, MI: less expensive homes
- 48313, MI: less expensive homes
- 48316, MI: equally priced homes
- 48317, MI: less expensive homes
Zip Codes with Similar Populations
- 95829, CA: higher priced homes
- 11423, NY: higher priced homes
- 11735, NY: higher priced homes
- 12020, NY: less expensive homes
- 14534, NY: equally priced homes
- 14621, NY: less expensive homes
- 16601, PA: less expensive homes
- 18018, PA: less expensive homes
- 28803, NC: higher priced homes
- 95118, CA: higher priced homes
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