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These days, finding an affordable place to live in the 48104 area can be challenging. Home prices in 48104 are now at a median cost of $499,675, higher than the Michigan average of $196,062.
The average cost of rent is $1,498/mo in 48104, primarily driven by the current value of real estate in the 48104 area. While nearly 43.70% of residents own their homes outright in 48104, 57.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48104 is $7,658 per month. Households that rent pay about 19.56% of their income on rent here. 48104's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48109, MI: less expensive homes
- 48108, MI: less expensive homes
- 48105, MI: less expensive homes
- 48103, MI: less expensive homes
- 48197, MI: less expensive homes
- 48176, MI: less expensive homes
- 48198, MI: less expensive homes
- 48130, MI: less expensive homes
- 48190, MI: less expensive homes
- 48191, MI: less expensive homes
Zip Codes with Similar Populations
- 77024, TX: higher priced homes
- 12866, NY: less expensive homes
- 16001, PA: less expensive homes
- 17042, PA: less expensive homes
- 21701, MD: less expensive homes
- 21804, MD: less expensive homes
- 23059, VA: equally priced homes
- 26505, WV: less expensive homes
- 95691, CA: less expensive homes
- 60543, IL: less expensive homes
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