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These days, finding an affordable place to live in the 48064 area can be challenging. Home prices in 48064 are now at a median cost of $219,866, higher than the Michigan average of $196,062.
The average cost of rent is $704/mo in 48064, primarily driven by the current value of real estate in the 48064 area. While nearly 41.98% of residents own their homes outright in 48064, 5.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48064 is $6,373 per month. Households that rent pay about 11.04% of their income on rent here. 48064's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48023, MI: equally priced homes
- 48048, MI: less expensive homes
- 48063, MI: equally priced homes
- 48062, MI: equally priced homes
- 48050, MI: higher priced homes
- 48047, MI: equally priced homes
- 48054, MI: equally priced homes
- 48039, MI: less expensive homes
- 48051, MI: less expensive homes
- 48079, MI: equally priced homes
Zip Codes with Similar Populations
- 18240, PA: less expensive homes
- 84526, UT: less expensive homes
- 23690, VA: higher priced homes
- 22807, VA: higher priced homes
- 21660, MD: higher priced homes
- 21536, MD: less expensive homes
- 19029, PA: less expensive homes
- 18853, PA: less expensive homes
- 18426, PA: equally priced homes
- 18343, PA: equally priced homes
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