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These days, finding an affordable place to live in the 48097 area can be challenging. Home prices in 48097 are now at a median cost of $139,176, lower than the Michigan average of $196,062.
The average cost of rent is $886/mo in 48097, primarily driven by the current value of real estate in the 48097 area. While nearly 38.93% of residents own their homes outright in 48097, 23.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48097 is $4,703 per month. Households that rent pay about 18.85% of their income on rent here. 48097's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48454, MI: equally priced homes
- 48022, MI: higher priced homes
- 48006, MI: higher priced homes
- 48014, MI: equally priced homes
- 48466, MI: less expensive homes
- 48416, MI: equally priced homes
- 48032, MI: higher priced homes
- 48422, MI: equally priced homes
- 48444, MI: higher priced homes
- 48049, MI: higher priced homes
Zip Codes with Similar Populations
- 23604, VA: higher priced homes
- 79536, TX: less expensive homes
- 78956, TX: higher priced homes
- 31553, GA: less expensive homes
- 31543, GA: less expensive homes
- 30629, GA: equally priced homes
- 28634, NC: less expensive homes
- 28555, NC: less expensive homes
- 28468, NC: higher priced homes
- 27851, NC: less expensive homes
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