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These days, finding an affordable place to live in the 48137 area can be challenging. Home prices in 48137 are now at a median cost of $311,788, higher than the Michigan average of $250,415.
The average cost of rent is $1,092/mo in 48137, primarily driven by the current value of real estate in the 48137 area. In 48137, 8.21% of households rent, and 41.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48137 is $7,823 per month. Households that rent pay about 13.96% of their income on rent here. 48137’s most expensive areas are in the southeastern 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
- 49285, MI: less expensive homes
- 48169, MI: higher priced homes
- 48118, MI: higher priced homes
- 49259, MI: less expensive homes
- 48130, MI: higher priced homes
- 48843, MI: higher priced homes
- 48819, MI: less expensive homes
- 48139, MI: higher priced homes
- 48116, MI: higher priced homes
- 48189, MI: equally priced homes
Zip Codes with Similar Populations
- 21013, MD: higher priced homes
- 81657, CO: higher priced homes
- 81137, CO: higher priced homes
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- 24577, VA: less expensive homes
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- 24064, VA: less expensive homes
- 22947, VA: higher priced homes
- 22727, VA: higher priced homes
- 21863, MD: less expensive homes
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