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These days, finding an affordable place to live in the 48108 area can be challenging. Home prices in 48108 are now at a median cost of $272,400, higher than the Michigan average of $196,062.
The average cost of rent is $1,166/mo in 48108, primarily driven by the current value of real estate in the 48108 area. While nearly 41.95% of residents own their homes outright in 48108, 42.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48108 is $7,187 per month. Households that rent pay about 16.22% of their income on rent here. 48108's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48104, MI: higher priced homes
- 48109, MI: higher priced homes
- 48103, MI: higher priced homes
- 48197, MI: less expensive homes
- 48105, MI: higher priced homes
- 48176, MI: higher priced homes
- 48198, MI: less expensive homes
- 48190, MI: less expensive homes
- 48191, MI: less expensive homes
- 48130, MI: higher priced homes
Zip Codes with Similar Populations
- 02478, MA: higher priced homes
- 98335, WA: higher priced homes
- 98284, WA: higher priced homes
- 98116, WA: higher priced homes
- 95032, CA: higher priced homes
- 92782, CA: higher priced homes
- 33781, FL: less expensive homes
- 20770, MD: equally priced homes
- 19468, PA: higher priced homes
- 12302, NY: less expensive homes
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