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These days, finding an affordable place to live in the 48083 area can be challenging. Home prices in 48083 are now at a median cost of $309,524, higher than the Michigan average of $250,415.
The average cost of rent is $1,831/mo in 48083, primarily driven by the current value of real estate in the 48083 area. In 48083, 37.83% of households rent, and 39.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48083 is $8,612 per month. Households that rent pay about 21.26% of their income on rent here. 48083’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 48310, MI: less expensive homes
- 48017, MI: less expensive homes
- 48085, MI: higher priced homes
- 48084, MI: higher priced homes
- 48073, MI: equally priced homes
- 48071, MI: less expensive homes
- 48098, MI: higher priced homes
- 48092, MI: less expensive homes
- 48314, MI: equally priced homes
- 48067, MI: higher priced homes
Zip Codes with Similar Populations
- 99224, WA: higher priced homes
- 48390, MI: equally priced homes
- 46725, IN: less expensive homes
- 46375, IN: equally priced homes
- 95003, CA: higher priced homes
- 95503, CA: higher priced homes
- 37415, TN: equally priced homes
- 36582, AL: less expensive homes
- 98028, WA: higher priced homes
- 33772, FL: higher priced homes
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