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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 $158,978, lower than the Michigan average of $250,415.
The average cost of rent is $1,071/mo in 48060, primarily driven by the current value of real estate in the 48060 area. In 48060, 37.02% of households rent, and 41.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48060 is $4,609 per month. Households that rent pay about 23.23% of their income on rent here. 48060’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48040, MI: higher priced homes
- 48074, MI: higher 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: equally priced homes
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