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These days, finding an affordable place to live in the 48050 area can be challenging. Home prices in 48050 are now at a median cost of $337,612, higher than the Michigan average of $250,415.
The average cost of rent is $1,466/mo in 48050, primarily driven by the current value of real estate in the 48050 area. In 48050, 13.81% of households rent, and 37.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48050 is $7,627 per month. Households that rent pay about 19.21% of their income on rent here. 48050’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 48062, MI: less expensive homes
- 48048, MI: less expensive homes
- 48096, MI: equally priced homes
- 48064, MI: less expensive homes
- 48005, MI: equally priced homes
- 48047, MI: equally priced homes
- 48051, MI: less expensive homes
- 48063, MI: equally priced homes
- 48023, MI: less expensive homes
- 48042, MI: higher priced homes
Zip Codes with Similar Populations
- 68057, NE: less expensive homes
- 43432, OH: less expensive homes
- 43540, OH: less expensive homes
- 43976, OH: less expensive homes
- 44853, OH: less expensive homes
- 45146, OH: less expensive homes
- 45148, OH: less expensive homes
- 46794, IN: less expensive homes
- 47848, IN: less expensive homes
- 47922, IN: less expensive homes
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