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These days, finding an affordable place to live in the 48131 area can be challenging. Home prices in 48131 are now at a median cost of $258,748, higher than the Michigan average of $250,415.
The average cost of rent is $1,170/mo in 48131, primarily driven by the current value of real estate in the 48131 area. In 48131, 30.00% of households rent, and 24.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48131 is $8,271 per month. Households that rent pay about 14.14% of their income on rent here. 48131’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 49270, MI: equally priced homes
- 48140, MI: higher priced homes
- 48159, MI: equally priced homes
- 49238, MI: less expensive homes
- 48160, MI: equally priced homes
- 49229, MI: less expensive homes
- 48177, MI: equally priced homes
- 48145, MI: equally priced homes
- 48161, MI: less expensive homes
- 49276, MI: equally priced homes
Zip Codes with Similar Populations
- 93449, CA: higher priced homes
- 98354, WA: higher priced homes
- 24171, VA: less expensive homes
- 27310, NC: higher priced homes
- 27949, NC: higher priced homes
- 28422, NC: higher priced homes
- 28469, NC: higher priced homes
- 28719, NC: less expensive homes
- 28754, NC: higher priced homes
- 28785, NC: higher priced homes
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