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These days, finding an affordable place to live in the 48051 area can be challenging. Home prices in 48051 are now at a median cost of $193,185, lower than the Michigan average of $196,062.
The average cost of rent is $1,103/mo in 48051, primarily driven by the current value of real estate in the 48051 area. While nearly 31.58% of residents own their homes outright in 48051, 15.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48051 is $6,994 per month. Households that rent pay about 15.77% of their income on rent here. 48051's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48047, MI: higher priced homes
- 48048, MI: less expensive homes
- 48042, MI: higher priced homes
- 48044, MI: higher priced homes
- 48043, MI: less expensive homes
- 48045, MI: higher priced homes
- 48036, MI: less expensive homes
- 48096, MI: higher priced homes
- 48038, MI: equally priced homes
- 48050, MI: higher priced homes
Zip Codes with Similar Populations
- 66047, KS: higher priced homes
- 38351, TN: less expensive homes
- 38732, MS: less expensive homes
- 39507, MS: equally priced homes
- 00772, PR: less expensive homes
- 46016, IN: less expensive homes
- 46373, IN: higher priced homes
- 48184, MI: less expensive homes
- 48505, MI: less expensive homes
- 48820, MI: higher priced homes
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