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These days, finding an affordable place to live in the 48048 area can be challenging. Home prices in 48048 are now at a median cost of $145,136, lower than the Michigan average of $196,062.
The average cost of rent is $1,161/mo in 48048, primarily driven by the current value of real estate in the 48048 area. While nearly 38.62% of residents own their homes outright in 48048, 21.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48048 is $4,521 per month. Households that rent pay about 25.67% of their income on rent here. 48048's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48050, MI: higher priced homes
- 48047, MI: higher priced homes
- 48051, MI: higher priced homes
- 48064, MI: higher priced homes
- 48023, MI: higher priced homes
- 48062, MI: higher priced homes
- 48096, MI: higher priced homes
- 48042, MI: higher priced homes
- 48044, MI: higher priced homes
- 48063, MI: higher priced homes
Zip Codes with Similar Populations
- 86045, AZ: less expensive homes
- 24121, VA: higher priced homes
- 27298, NC: equally priced homes
- 28721, NC: higher priced homes
- 36551, AL: higher priced homes
- 37764, TN: higher priced homes
- 38462, TN: less expensive homes
- 38751, MS: less expensive homes
- 41653, KY: less expensive homes
- 44117, OH: less expensive homes
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