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These days, finding an affordable place to live in the 48054 area can be challenging. Home prices in 48054 are now at a median cost of $236,455, higher than the Michigan average of $196,062.
The average cost of rent is $947/mo in 48054, primarily driven by the current value of real estate in the 48054 area. While nearly 42.27% of residents own their homes outright in 48054, 12.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48054 is $5,849 per month. Households that rent pay about 16.19% of their income on rent here. 48054's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48039, MI: less expensive homes
- 48079, MI: equally priced homes
- 48064, MI: equally priced homes
- 48063, MI: equally priced homes
- 48023, MI: equally priced homes
- 48001, MI: less expensive homes
- 48062, MI: less expensive homes
- 48048, MI: less expensive homes
- 48050, MI: higher priced homes
- 48047, MI: equally priced homes
Zip Codes with Similar Populations
- 01982, MA: higher priced homes
- 03264, NH: less expensive homes
- 86440, AZ: less expensive homes
- 16150, PA: less expensive homes
- 06035, CT: higher priced homes
- 06471, CT: higher priced homes
- 92823, CA: higher priced homes
- 11363, NY: higher priced homes
- 62260, IL: less expensive homes
- 51041, IA: less expensive homes
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