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These days, finding an affordable place to live in the 48103 area can be challenging. Home prices in 48103 are now at a median cost of $387,775, higher than the Michigan average of $196,062.
The average cost of rent is $1,564/mo in 48103, primarily driven by the current value of real estate in the 48103 area. While nearly 37.34% of residents own their homes outright in 48103, 30.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48103 is $9,717 per month. Households that rent pay about 16.10% of their income on rent here. 48103's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48109, MI: less expensive homes
- 48104, MI: higher priced homes
- 48108, MI: less expensive homes
- 48105, MI: higher priced homes
- 48130, MI: equally priced homes
- 48176, MI: less expensive homes
- 48197, MI: less expensive homes
- 48198, MI: less expensive homes
- 48118, MI: less expensive homes
- 48190, MI: less expensive homes
Zip Codes with Similar Populations
- 01960, MA: higher priced homes
- 08873, NJ: less expensive homes
- 07470, NJ: higher priced homes
- 06810, CT: less expensive homes
- 06511, CT: less expensive homes
- 77044, TX: less expensive homes
- 90813, CA: higher priced homes
- 90066, CA: higher priced homes
- 90001, CA: higher priced homes
- 91405, CA: higher priced homes
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