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These days, finding an affordable place to live in the 48074 area can be challenging. Home prices in 48074 are now at a median cost of $145,588, lower than the Michigan average of $196,062.
The average cost of rent is $937/mo in 48074, primarily driven by the current value of real estate in the 48074 area. While nearly 44.94% of residents own their homes outright in 48074, 9.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48074 is $5,055 per month. Households that rent pay about 18.53% of their income on rent here. 48074's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48040, MI: equally priced homes
- 48049, MI: higher priced homes
- 48060, MI: equally priced homes
- 48027, MI: higher priced homes
- 48059, MI: higher priced homes
- 48079, MI: higher priced homes
- 48063, MI: higher priced homes
- 48006, MI: higher priced homes
- 48041, MI: higher priced homes
- 48022, MI: higher priced homes
Zip Codes with Similar Populations
- 74437, OK: less expensive homes
- 20712, MD: higher priced homes
- 20742, MD: higher priced homes
- 22664, VA: higher priced homes
- 23314, VA: higher priced homes
- 25064, WV: less expensive homes
- 29172, SC: less expensive homes
- 30814, GA: higher priced homes
- 33931, FL: higher priced homes
- 44481, OH: equally priced homes
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