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These days, finding an affordable place to live in the 48101 area can be challenging. Home prices in 48101 are now at a median cost of $190,988, lower than the Michigan average of $250,415.
The average cost of rent is $1,239/mo in 48101, primarily driven by the current value of real estate in the 48101 area. In 48101, 12.72% of households rent, and 41.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48101 is $7,354 per month. Households that rent pay about 16.85% of their income on rent here. 48101’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 48146, MI: less expensive homes
- 48122, MI: less expensive homes
- 48125, MI: less expensive homes
- 48217, MI: less expensive homes
- 48180, MI: less expensive homes
- 48229, MI: less expensive homes
- 48195, MI: equally priced homes
- 48124, MI: higher priced homes
- 48192, MI: equally priced homes
- 48218, MI: less expensive homes
Zip Codes with Similar Populations
- 19406, PA: higher priced homes
- 34606, FL: higher priced homes
- 33625, FL: higher priced homes
- 35209, AL: higher priced homes
- 29455, SC: higher priced homes
- 28081, NC: higher priced homes
- 27804, NC: higher priced homes
- 22802, VA: higher priced homes
- 21146, MD: higher priced homes
- 15010, PA: equally priced homes
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