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These days, finding an affordable place to live in the 48157 area can be challenging. Home prices in 48157 are now at a median cost of $166,050, lower than the Michigan average of $196,062.
The average cost of rent is $426/mo in 48157, primarily driven by the current value of real estate in the 48157 area. While nearly 54.20% of residents own their homes outright in 48157, 19.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48157 is $3,541 per month. Households that rent pay about 12.04% of their income on rent here. 48157's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48145, MI: higher priced homes
- 48133, MI: equally priced homes
- 48161, MI: less expensive homes
- 48177, MI: equally priced homes
- 43611, OH: less expensive homes
- 48182, MI: higher priced homes
- 48140, MI: higher priced homes
- 48162, MI: equally priced homes
- 43612, OH: less expensive homes
- 48144, MI: higher priced homes
Zip Codes with Similar Populations
- 47649, IN: less expensive homes
- 72035, AR: higher priced homes
- 71336, LA: less expensive homes
- 71072, LA: less expensive homes
- 71018, LA: less expensive homes
- 67869, KS: less expensive homes
- 64788, MO: equally priced homes
- 54864, WI: equally priced homes
- 48760, MI: less expensive homes
- 72327, AR: less expensive homes
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