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These days, finding an affordable place to live in the 48062 area can be challenging. Home prices in 48062 are now at a median cost of $210,227, higher than the Michigan average of $196,062.
The average cost of rent is $851/mo in 48062, primarily driven by the current value of real estate in the 48062 area. While nearly 33.31% of residents own their homes outright in 48062, 14.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48062 is $6,298 per month. Households that rent pay about 13.51% of their income on rent here. 48062's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48050, MI: higher priced homes
- 48063, MI: higher priced homes
- 48064, MI: equally priced homes
- 48048, MI: less expensive homes
- 48041, MI: higher priced homes
- 48005, MI: higher priced homes
- 48096, MI: higher priced homes
- 48027, MI: equally priced homes
- 48002, MI: higher priced homes
- 48065, MI: higher priced homes
Zip Codes with Similar Populations
- 01590, MA: higher priced homes
- 97487, OR: higher priced homes
- 95713, CA: higher priced homes
- 83712, ID: higher priced homes
- 81201, CO: higher priced homes
- 78236, TX: less expensive homes
- 78063, TX: equally priced homes
- 77612, TX: less expensive homes
- 76249, TX: higher priced homes
- 74426, OK: less expensive homes
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