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These days, finding an affordable place to live in the 48049 area can be challenging. Home prices in 48049 are now at a median cost of $199,506, higher than the Michigan average of $196,062.
The average cost of rent is $912/mo in 48049, primarily driven by the current value of real estate in the 48049 area. While nearly 39.60% of residents own their homes outright in 48049, 8.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48049 is $6,702 per month. Households that rent pay about 13.61% of their income on rent here. 48049's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48074, MI: less expensive homes
- 48059, MI: less expensive homes
- 48060, MI: less expensive homes
- 48006, MI: equally priced homes
- 48027, MI: equally priced homes
- 48032, MI: equally priced homes
- 48040, MI: less expensive homes
- 48022, MI: equally priced homes
- 48041, MI: higher priced homes
- 48097, MI: less expensive homes
Zip Codes with Similar Populations
- 36312, AL: less expensive homes
- 78372, TX: less expensive homes
- 76155, TX: higher priced homes
- 76044, TX: higher priced homes
- 75763, TX: less expensive homes
- 75638, TX: less expensive homes
- 73527, OK: equally priced homes
- 39483, MS: less expensive homes
- 39071, MS: less expensive homes
- 37915, TN: less expensive homes
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