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These days, finding an affordable place to live in the 48122 area can be challenging. Home prices in 48122 are now at a median cost of $121,067, lower than the Michigan average of $250,415.
The average cost of rent is $1,098/mo in 48122, primarily driven by the current value of real estate in the 48122 area. In 48122, 39.21% of households rent, and 62.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48122 is $4,761 per month. Households that rent pay about 23.07% of their income on rent here. 48122’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern 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
- 48217, MI: less expensive homes
- 48120, MI: higher priced homes
- 48218, MI: less expensive homes
- 48101, MI: higher priced homes
- 48229, MI: less expensive homes
- 48146, MI: equally priced homes
- 48126, MI: higher priced homes
- 48124, MI: higher priced homes
- 48209, MI: less expensive homes
- 48125, MI: higher priced homes
Zip Codes with Similar Populations
- 02882, RI: higher priced homes
- 98660, WA: higher priced homes
- 85355, AZ: higher priced homes
- 76309, TX: higher priced homes
- 39475, MS: higher priced homes
- 31014, GA: higher priced homes
- 23509, VA: higher priced homes
- 15238, PA: higher priced homes
- 10528, NY: higher priced homes
- 08103, NJ: higher priced homes
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