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These days, finding an affordable place to live in the 48127 area can be challenging. Home prices in 48127 are now at a median cost of $186,447, lower than the Michigan average of $196,062.
The average cost of rent is $1,145/mo in 48127, primarily driven by the current value of real estate in the 48127 area. While nearly 48.25% of residents own their homes outright in 48127, 26.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48127 is $4,947 per month. Households that rent pay about 23.14% of their income on rent here. 48127's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48128, MI: higher priced homes
- 48239, MI: less expensive homes
- 48135, MI: less expensive homes
- 48141, MI: less expensive homes
- 48124, MI: higher priced homes
- 48228, MI: less expensive homes
- 48125, MI: less expensive homes
- 48150, MI: equally priced homes
- 48223, MI: less expensive homes
- 48185, MI: less expensive homes
Zip Codes with Similar Populations
- 01085, MA: higher priced homes
- 01420, MA: higher priced homes
- 02130, MA: higher priced homes
- 06082, CT: equally priced homes
- 07011, NJ: higher priced homes
- 07032, NJ: higher priced homes
- 76522, TX: less expensive homes
- 77354, TX: higher priced homes
- 77090, TX: equally priced homes
- 77075, TX: less expensive homes
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