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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 $275,449, higher than the Michigan average of $196,062.
The average cost of rent is $1,347/mo in 48050, primarily driven by the current value of real estate in the 48050 area. While nearly 43.33% of residents own their homes outright in 48050, 9.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48050 is $6,682 per month. Households that rent pay about 20.16% of their income on rent here. 48050's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48062, MI: less expensive homes
- 48048, MI: less expensive homes
- 48096, MI: higher priced homes
- 48064, MI: less expensive homes
- 48005, MI: equally priced homes
- 48047, MI: less expensive homes
- 48051, MI: less expensive homes
- 48063, MI: less expensive 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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