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These days, finding an affordable place to live in the 48117 area can be challenging. Home prices in 48117 are now at a median cost of $270,246, higher than the Michigan average of $250,415.
The average cost of rent is $1,102/mo in 48117, primarily driven by the current value of real estate in the 48117 area. In 48117, 9.58% of households rent, and 45.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48117 is $6,603 per month. Households that rent pay about 16.68% of their income on rent here. 48117’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern 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
- 48164, MI: higher priced homes
- 48166, MI: less expensive homes
- 48179, MI: less expensive homes
- 48134, MI: equally priced homes
- 48162, MI: less expensive homes
- 48159, MI: equally priced homes
- 48173, MI: equally priced homes
- 48161, MI: less expensive homes
- 48191, MI: equally priced homes
- 48183, MI: less expensive homes
Zip Codes with Similar Populations
- 91207, CA: higher priced homes
- 22712, VA: higher priced homes
- 23075, VA: less expensive homes
- 23117, VA: higher priced homes
- 30439, GA: less expensive homes
- 48880, MI: less expensive homes
- 75979, TX: less expensive homes
- 78362, TX: less expensive homes
- 78725, TX: higher priced homes
- 79756, TX: less expensive homes
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