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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 $194,627, lower than the Michigan average of $250,415.
The average cost of rent is $408/mo in 48157, primarily driven by the current value of real estate in the 48157 area. In 48157, 16.85% of households rent, and 49.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48157 is $4,988 per month. Households that rent pay about 8.17% of their income on rent here. 48157’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 48145, MI: higher priced homes
- 48133, MI: higher priced homes
- 48161, MI: equally priced homes
- 48177, MI: higher priced homes
- 43611, OH: less expensive homes
- 48182, MI: higher priced homes
- 48140, MI: higher priced homes
- 48162, MI: higher priced homes
- 43612, OH: less expensive homes
- 48144, MI: higher priced homes
Zip Codes with Similar Populations
- 47649, IN: equally priced homes
- 72035, AR: higher priced homes
- 71336, LA: equally priced homes
- 71072, LA: less expensive homes
- 71018, LA: less expensive homes
- 67869, KS: less expensive homes
- 64788, MO: less expensive homes
- 54864, WI: higher priced homes
- 48760, MI: equally priced homes
- 72327, AR: less expensive homes
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