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Expensive
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These days, finding an affordable place to live in the 48105 area can be challenging. Home prices in 48105 are now at a median cost of $440,726, higher than the Michigan average of $196,062.
The average cost of rent is $1,566/mo in 48105, primarily driven by the current value of real estate in the 48105 area. While nearly 45.37% of residents own their homes outright in 48105, 46.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48105 is $8,079 per month. Households that rent pay about 19.38% of their income on rent here. 48105's most expensive areas are in the northwestern 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
- 48103, MI: less expensive homes
- 48108, MI: less expensive homes
- 48197, MI: less expensive homes
- 48198, MI: less expensive homes
- 48189, MI: less expensive homes
- 48175, MI: less expensive homes
- 48130, MI: less expensive homes
- 48178, MI: less expensive homes
Zip Codes with Similar Populations
- 43615, OH: less expensive homes
- 08012, NJ: less expensive homes
- 08807, NJ: higher priced homes
- 21236, MD: less expensive homes
- 20817, MD: higher priced homes
- 94044, CA: higher priced homes
- 07017, NJ: less expensive homes
- 63701, MO: less expensive homes
- 62704, IL: less expensive homes
- 75069, TX: less expensive homes
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