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These days, finding an affordable place to live in the 48080 area can be challenging. Home prices in 48080 are now at a median cost of $206,930, lower than the Michigan average of $250,415.
The average cost of rent is $1,180/mo in 48080, primarily driven by the current value of real estate in the 48080 area. In 48080, 21.00% of households rent, and 39.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48080 is $5,979 per month. Households that rent pay about 19.74% of their income on rent here. 48080’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 48081, MI: equally priced homes
- 48225, MI: less expensive homes
- 48021, MI: less expensive homes
- 48236, MI: higher priced homes
- 48066, MI: less expensive homes
- 48224, MI: less expensive homes
- 48082, MI: equally priced homes
- 48205, MI: less expensive homes
- 48089, MI: less expensive homes
- 48230, MI: higher priced homes
Zip Codes with Similar Populations
- 02152, MA: higher priced homes
- 95746, CA: higher priced homes
- 92501, CA: higher priced homes
- 39443, MS: less expensive homes
- 33327, FL: higher priced homes
- 29690, SC: higher priced homes
- 29644, SC: higher priced homes
- 22655, VA: higher priced homes
- 15241, PA: higher priced homes
- 07094, NJ: higher priced homes
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