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These days, finding an affordable place to live in the 48045 area can be challenging. Home prices in 48045 are now at a median cost of $219,537, higher than the Michigan average of $196,062.
The average cost of rent is $1,118/mo in 48045, primarily driven by the current value of real estate in the 48045 area. While nearly 42.54% of residents own their homes outright in 48045, 27.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48045 is $6,456 per month. Households that rent pay about 17.31% of their income on rent here. 48045's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48043, MI: less expensive homes
- 48036, MI: less expensive homes
- 48035, MI: less expensive homes
- 48082, MI: less expensive homes
- 48038, MI: equally priced homes
- 48081, MI: less expensive homes
- 48026, MI: less expensive homes
- 48051, MI: less expensive homes
- 48044, MI: higher priced homes
- 48066, MI: less expensive homes
Zip Codes with Similar Populations
- 06108, CT: less expensive homes
- 97013, OR: higher priced homes
- 96007, CA: equally priced homes
- 94597, CA: higher priced homes
- 92651, CA: higher priced homes
- 46208, IN: less expensive homes
- 45241, OH: equally priced homes
- 43113, OH: less expensive homes
- 41091, KY: higher priced homes
- 33811, FL: equally priced homes
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