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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 $256,841, higher than the Michigan average of $196,062.
The average cost of rent is $1,315/mo in 48137, primarily driven by the current value of real estate in the 48137 area. While nearly 37.63% of residents own their homes outright in 48137, 5.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48137 is $6,517 per month. Households that rent pay about 20.17% of their income on rent here. 48137's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
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- 48169, MI: higher priced homes
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- 48130, MI: higher priced homes
- 48843, MI: equally priced homes
- 48819, MI: less expensive homes
- 48139, MI: equally priced homes
- 48116, MI: higher priced homes
- 48189, MI: higher priced homes
Zip Codes with Similar Populations
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- 22947, VA: higher priced homes
- 22727, VA: higher priced homes
- 21863, MD: less expensive homes
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