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These days, finding an affordable place to live in the 48059 area can be challenging. Home prices in 48059 are now at a median cost of $173,043, lower than the Michigan average of $196,062.
The average cost of rent is $992/mo in 48059, primarily driven by the current value of real estate in the 48059 area. While nearly 40.42% of residents own their homes outright in 48059, 16.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48059 is $5,868 per month. Households that rent pay about 16.91% of their income on rent here. 48059's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48049, MI: higher priced homes
- 48060, MI: less expensive homes
- 48032, MI: higher priced homes
- 48074, MI: less expensive homes
- 48040, MI: less expensive homes
- 48006, MI: higher priced homes
- 48027, MI: higher priced homes
- 48022, MI: higher priced homes
- 48097, MI: less expensive homes
- 48041, MI: higher priced homes
Zip Codes with Similar Populations
- 77575, TX: equally priced homes
- 55107, MN: higher priced homes
- 45246, OH: less expensive homes
- 76103, TX: less expensive homes
- 77423, TX: higher priced homes
- 78612, TX: higher priced homes
- 27282, NC: higher priced homes
- 78726, TX: higher priced homes
- 16648, PA: equally priced homes
- 93241, CA: less expensive homes
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