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These days, finding an affordable place to live in the 48114 area can be challenging. Home prices in 48114 are now at a median cost of $394,944, higher than the Michigan average of $250,415.
The average cost of rent is $1,372/mo in 48114, primarily driven by the current value of real estate in the 48114 area. In 48114, 6.92% of households rent, and 34.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48114 is $11,099 per month. Households that rent pay about 12.36% of their income on rent here. 48114’s most expensive areas are in the southern regions, while the cheapest areas are in the western 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
- 48116, MI: equally priced homes
- 48380, MI: equally priced homes
- 48353, MI: less expensive homes
- 48843, MI: less expensive homes
- 48165, MI: higher priced homes
- 48139, MI: equally priced homes
- 48381, MI: equally priced homes
- 48357, MI: less expensive homes
- 48178, MI: equally priced homes
- 48189, MI: less expensive homes
Zip Codes with Similar Populations
- 08057, NJ: higher priced homes
- 08085, NJ: equally priced homes
- 11783, NY: higher priced homes
- 18504, PA: less expensive homes
- 18914, PA: higher priced homes
- 19008, PA: higher priced homes
- 19605, PA: less expensive homes
- 20190, VA: higher priced homes
- 20646, MD: higher priced homes
- 22551, VA: equally priced homes
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