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These days, finding an affordable place to live in the 48124 area can be challenging. Home prices in 48124 are now at a median cost of $243,639, lower than the Michigan average of $250,415.
The average cost of rent is $1,345/mo in 48124, primarily driven by the current value of real estate in the 48124 area. In 48124, 18.05% of households rent, and 43.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48124 is $7,366 per month. Households that rent pay about 18.25% of their income on rent here. 48124’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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
- 48125, MI: less expensive homes
- 48128, MI: higher priced homes
- 48141, MI: less expensive homes
- 48127, MI: equally priced homes
- 48101, MI: less expensive homes
- 48122, MI: less expensive homes
- 48228, MI: less expensive homes
- 48180, MI: less expensive homes
- 48126, MI: equally priced homes
- 48120, MI: equally priced homes
Zip Codes with Similar Populations
- 28056, NC: higher priced homes
- 46077, IN: higher priced homes
- 44105, OH: less expensive homes
- 97304, OR: higher priced homes
- 76040, TX: higher priced homes
- 62702, IL: less expensive homes
- 55987, MN: equally priced homes
- 54729, WI: higher priced homes
- 02816, RI: higher priced homes
- 43560, OH: higher priced homes
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