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These days, finding an affordable place to live in the 48109 area can be challenging. Home prices in 48109 are now at a median cost of $297,136, higher than the Michigan average of $196,062.
The average cost of rent is $1,201/mo in 48109, primarily driven by the current value of real estate in the 48109 area. While nearly 37.27% of residents own their homes outright in 48109, 51.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48109 is $1,160 per month. Households that rent pay about 103.52% of their income on rent here. 48109's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48104, MI: higher priced homes
- 48105, MI: higher priced homes
- 48103, MI: higher priced homes
- 48108, MI: equally priced homes
- 48197, MI: less expensive homes
- 48176, MI: higher priced homes
- 48198, MI: less expensive homes
- 48130, MI: higher priced homes
- 48190, MI: less expensive homes
- 48188, MI: less expensive homes
Zip Codes with Similar Populations
- 13214, NY: less expensive homes
- 78073, TX: less expensive homes
- 71241, LA: less expensive homes
- 18032, PA: less expensive homes
- 85054, AZ: equally priced homes
- 15825, PA: less expensive homes
- 15717, PA: less expensive homes
- 93286, CA: less expensive homes
- 15024, PA: less expensive homes
- 15005, PA: less expensive homes
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