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These days, finding an affordable place to live in the 48081 area can be challenging. Home prices in 48081 are now at a median cost of $225,396, lower than the Michigan average of $250,415.
The average cost of rent is $1,398/mo in 48081, primarily driven by the current value of real estate in the 48081 area. In 48081, 13.54% of households rent, and 37.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48081 is $6,741 per month. Households that rent pay about 20.74% of their income on rent here. 48081’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 48066, MI: less expensive homes
- 48082, MI: equally priced homes
- 48080, MI: equally priced homes
- 48021, MI: less expensive homes
- 48026, MI: equally priced homes
- 48035, MI: less expensive homes
- 48225, MI: less expensive homes
- 48088, MI: equally priced homes
- 48236, MI: higher priced homes
- 48089, MI: less expensive homes
Zip Codes with Similar Populations
- 20018, DC: higher priced homes
- 21409, MD: higher priced homes
- 75237, TX: higher priced homes
- 73521, OK: less expensive homes
- 46619, IN: less expensive homes
- 48098, MI: higher priced homes
- 48169, MI: higher priced homes
- 49301, MI: higher priced homes
- 53597, WI: higher priced homes
- 53913, WI: higher priced homes
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