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These days, finding an affordable place to live in the 48120 area can be challenging. Home prices in 48120 are now at a median cost of $228,891, lower than the Michigan average of $250,415.
The average cost of rent is $1,280/mo in 48120, primarily driven by the current value of real estate in the 48120 area. In 48120, 59.44% of households rent, and 75.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48120 is $4,944 per month. Households that rent pay about 25.89% of their income on rent here. 48120’s most expensive areas are in the northwestern 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
- 48122, MI: less expensive homes
- 48126, MI: equally priced homes
- 48209, MI: less expensive homes
- 48217, MI: less expensive homes
- 48210, MI: less expensive homes
- 48218, MI: less expensive homes
- 48229, MI: less expensive homes
- 48204, MI: less expensive homes
- 48228, MI: less expensive homes
- 48146, MI: less expensive homes
Zip Codes with Similar Populations
- 77964, TX: equally priced homes
- 17842, PA: equally priced homes
- 18229, PA: higher priced homes
- 20141, VA: higher priced homes
- 21035, MD: higher priced homes
- 24175, VA: higher priced homes
- 25430, WV: higher priced homes
- 25550, WV: less expensive homes
- 26525, WV: equally priced homes
- 27051, NC: less expensive homes
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