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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 $186,886, lower than the Michigan average of $250,415.
The average cost of rent is $823/mo in 48043, primarily driven by the current value of real estate in the 48043 area. In 48043, 40.57% of households rent, and 34.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48043 is $5,477 per month. Households that rent pay about 15.02% of their income on rent here. 48043’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 48036, MI: equally priced homes
- 48045, MI: higher priced homes
- 48038, MI: higher priced homes
- 48035, MI: equally 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: equally 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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