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These days, finding an affordable place to live in the 48094 area can be challenging. Home prices in 48094 are now at a median cost of $342,652, higher than the Michigan average of $196,062.
The average cost of rent is $1,155/mo in 48094, primarily driven by the current value of real estate in the 48094 area. While nearly 37.59% of residents own their homes outright in 48094, 17.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48094 is $7,713 per month. Households that rent pay about 14.97% of their income on rent here. 48094's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48316, MI: equally priced homes
- 48095, MI: higher priced homes
- 48315, MI: less expensive homes
- 48096, MI: equally priced homes
- 48042, MI: equally priced homes
- 48317, MI: less expensive homes
- 48065, MI: less expensive homes
- 48307, MI: less expensive homes
- 48306, MI: higher priced homes
- 48363, MI: higher priced homes
Zip Codes with Similar Populations
- 70520, LA: less expensive homes
- 31903, GA: less expensive homes
- 32226, FL: less expensive homes
- 35205, AL: less expensive homes
- 43202, OH: less expensive homes
- 47265, IN: less expensive homes
- 55309, MN: less expensive homes
- 55362, MN: less expensive homes
- 60403, IL: less expensive homes
- 66046, KS: less expensive homes
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