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These days, finding an affordable place to live in the 48060 area can be challenging. Home prices in 48060 are now at a median cost of $133,876, lower than the Michigan average of $196,062.
The average cost of rent is $901/mo in 48060, primarily driven by the current value of real estate in the 48060 area. While nearly 42.84% of residents own their homes outright in 48060, 37.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48060 is $4,379 per month. Households that rent pay about 20.58% of their income on rent here. 48060's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48040, MI: higher priced homes
- 48074, MI: equally priced homes
- 48059, MI: higher priced homes
- 48049, MI: higher priced homes
- 48079, MI: higher priced homes
- 48027, MI: higher priced homes
- 48006, MI: higher priced homes
- 48063, MI: higher priced homes
- 48041, MI: higher priced homes
- 48022, MI: higher priced homes
Zip Codes with Similar Populations
- 27909, NC: higher priced homes
- 61820, IL: higher priced homes
- 60659, IL: higher priced homes
- 48227, MI: less expensive homes
- 60565, IL: higher priced homes
- 60543, IL: higher priced homes
- 92806, CA: higher priced homes
- 92821, CA: higher priced homes
- 92831, CA: higher priced homes
- 48911, MI: less expensive homes
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