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These days, finding an affordable place to live in the 48073 area can be challenging. Home prices in 48073 are now at a median cost of $316,105, higher than the Michigan average of $250,415.
The average cost of rent is $1,408/mo in 48073, primarily driven by the current value of real estate in the 48073 area. In 48073, 31.68% of households rent, and 34.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48073 is $8,039 per month. Households that rent pay about 17.52% of their income on rent here. 48073’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 48017, MI: less expensive homes
- 48072, MI: equally priced homes
- 48067, MI: equally priced homes
- 48070, MI: higher priced homes
- 48084, MI: higher priced homes
- 48009, MI: higher priced homes
- 48071, MI: less expensive homes
- 48069, MI: higher priced homes
- 48076, MI: less expensive homes
- 48237, MI: less expensive homes
Zip Codes with Similar Populations
- 03301, NH: higher priced homes
- 30311, GA: equally priced homes
- 30094, GA: equally priced homes
- 22306, VA: higher priced homes
- 10065, NY: higher priced homes
- 10010, NY: higher priced homes
- 07208, NJ: higher priced homes
- 06614, CT: higher priced homes
- 60901, IL: less expensive homes
- 99163, WA: higher priced homes
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