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These days, finding an affordable place to live in the 48088 area can be challenging. Home prices in 48088 are now at a median cost of $212,600, lower than the Michigan average of $250,415.
The average cost of rent is $1,299/mo in 48088, primarily driven by the current value of real estate in the 48088 area. In 48088, 14.35% of households rent, and 35.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48088 is $7,125 per month. Households that rent pay about 18.23% of their income on rent here. 48088’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 48093, MI: equally priced homes
- 48026, MI: equally priced homes
- 48066, MI: less expensive homes
- 48312, MI: higher priced homes
- 48015, MI: less expensive homes
- 48089, MI: less expensive homes
- 48021, MI: less expensive homes
- 48092, MI: equally priced homes
- 48081, MI: equally priced homes
- 48035, MI: less expensive homes
Zip Codes with Similar Populations
- 01013, MA: higher priced homes
- 89408, NV: higher priced homes
- 93212, CA: higher priced homes
- 94030, CA: higher priced homes
- 94089, CA: higher priced homes
- 96761, HI: higher priced homes
- 33496, FL: higher priced homes
- 33323, FL: higher priced homes
- 32805, FL: higher priced homes
- 32726, FL: higher priced homes
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