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These days, finding an affordable place to live in the 48043 area can be challenging. Home prices in 48043 are now at a median cost of $112,418, lower than the Michigan average of $196,062.
The average cost of rent is $794/mo in 48043, primarily driven by the current value of real estate in the 48043 area. While nearly 35.95% of residents own their homes outright in 48043, 47.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48043 is $4,177 per month. Households that rent pay about 19.01% of their income on rent here. 48043's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48036, MI: higher priced homes
- 48045, MI: higher priced homes
- 48038, MI: higher priced homes
- 48035, MI: higher priced homes
- 48044, MI: higher priced homes
- 48082, MI: higher priced homes
- 48026, MI: higher priced homes
- 48313, MI: higher priced homes
- 48051, MI: higher priced homes
- 48042, MI: higher priced homes
Zip Codes with Similar Populations
- 02726, MA: higher priced homes
- 29070, SC: higher priced homes
- 15229, PA: higher priced homes
- 97439, OR: higher priced homes
- 15012, PA: higher priced homes
- 12524, NY: higher priced homes
- 11782, NY: higher priced homes
- 06519, CT: higher priced homes
- 68108, NE: equally priced homes
- 68124, NE: higher priced homes
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