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These days, finding an affordable place to live in the 48160 area can be challenging. Home prices in 48160 are now at a median cost of $279,608, higher than the Michigan average of $250,415.
The average cost of rent is $1,288/mo in 48160, primarily driven by the current value of real estate in the 48160 area. In 48160, 18.71% of households rent, and 27.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48160 is $8,674 per month. Households that rent pay about 14.85% of their income on rent here. 48160’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 48190, MI: higher priced homes
- 48191, MI: less expensive homes
- 48176, MI: higher priced homes
- 48159, MI: less expensive homes
- 48131, MI: equally priced homes
- 49229, MI: less expensive homes
- 48117, MI: equally priced homes
- 49236, MI: less expensive homes
- 48164, MI: equally priced homes
- 49286, MI: less expensive homes
Zip Codes with Similar Populations
- 03076, NH: higher priced homes
- 06416, CT: higher priced homes
- 06477, CT: higher priced homes
- 06608, CT: less expensive homes
- 07062, NJ: higher priced homes
- 08812, NJ: higher priced homes
- 95252, CA: higher priced homes
- 53959, WI: less expensive homes
- 46582, IN: equally priced homes
- 54241, WI: less expensive homes
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