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These days, finding an affordable place to live in the 48111 area can be challenging. Home prices in 48111 are now at a median cost of $259,152, higher than the Michigan average of $250,415.
The average cost of rent is $1,156/mo in 48111, primarily driven by the current value of real estate in the 48111 area. In 48111, 31.33% of households rent, and 37.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48111 is $7,320 per month. Households that rent pay about 15.79% of their income on rent here. 48111’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48191, MI: equally priced homes
- 48198, MI: less expensive homes
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- 48190, MI: higher priced homes
- 48197, MI: equally priced homes
- 48186, MI: less expensive homes
- 48187, MI: higher priced homes
Zip Codes with Similar Populations
- 30038, GA: equally priced homes
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- 32092, FL: higher priced homes
- 30506, GA: higher priced homes
- 30294, GA: equally priced homes
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