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Expensive
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These days, finding an affordable place to live in the 48140 area can be challenging. Home prices in 48140 are now at a median cost of $222,822, higher than the Michigan average of $196,062.
The average cost of rent is $920/mo in 48140, primarily driven by the current value of real estate in the 48140 area. While nearly 32.51% of residents own their homes outright in 48140, 6.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48140 is $7,652 per month. Households that rent pay about 12.03% of their income on rent here. 48140's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 49270, MI: equally priced homes
- 48177, MI: less expensive homes
- 48131, MI: equally priced homes
- 48145, MI: equally priced homes
- 48182, MI: less expensive homes
- 48161, MI: less expensive homes
- 48133, MI: less expensive homes
- 48157, MI: less expensive homes
- 48144, MI: less expensive homes
- 49238, MI: less expensive homes
Zip Codes with Similar Populations
- 05655, VT: less expensive homes
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- 17889, PA: equally priced homes
- 26287, WV: less expensive homes
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- 79525, TX: less expensive homes
- 58852, ND: equally priced homes
- 62922, IL: less expensive homes
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