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These days, finding an affordable place to live in the 48063 area can be challenging. Home prices in 48063 are now at a median cost of $333,935, higher than the Michigan average of $250,415.
The average cost of rent is $1,484/mo in 48063, primarily driven by the current value of real estate in the 48063 area. In 48063, 12.49% of households rent, and 32.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48063 is $7,153 per month. Households that rent pay about 20.74% of their income on rent here. 48063’s most expensive areas are in the northern 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
- 48062, MI: less expensive homes
- 48064, MI: less expensive homes
- 48027, MI: less expensive homes
- 48079, MI: less expensive homes
- 48050, MI: equally priced homes
- 48041, MI: equally priced homes
- 48054, MI: less expensive homes
- 48074, MI: less expensive homes
- 48048, MI: less expensive homes
- 48040, MI: less expensive homes
Zip Codes with Similar Populations
- 29436, SC: less expensive homes
- 84056, UT: higher priced homes
- 84017, UT: higher priced homes
- 81224, CO: higher priced homes
- 78208, TX: less expensive homes
- 76071, TX: less expensive homes
- 76066, TX: higher priced homes
- 75226, TX: equally priced homes
- 75117, TX: less expensive homes
- 74365, OK: less expensive homes
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