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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 $298,167, higher than the Michigan average of $250,415.
The average cost of rent is $965/mo in 48140, primarily driven by the current value of real estate in the 48140 area. In 48140, 6.08% of households rent, and 38.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48140 is $9,029 per month. Households that rent pay about 10.68% of their income on rent here. 48140’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
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Zip Codes with Similar Populations
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