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These days, finding an affordable place to live in the 48161 area can be challenging. Home prices in 48161 are now at a median cost of $144,696, lower than the Michigan average of $196,062.
The average cost of rent is $917/mo in 48161, primarily driven by the current value of real estate in the 48161 area. While nearly 39.46% of residents own their homes outright in 48161, 25.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48161 is $5,069 per month. Households that rent pay about 18.08% of their income on rent here. 48161's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48162, MI: higher priced homes
- 48145, MI: higher priced homes
- 48157, MI: higher priced homes
- 48166, MI: higher priced homes
- 48140, MI: higher priced homes
- 48117, MI: higher priced homes
- 48159, MI: higher priced homes
- 48177, MI: higher priced homes
- 48131, MI: higher priced homes
- 49270, MI: higher priced homes
Zip Codes with Similar Populations
- 11104, NY: higher priced homes
- 76201, TX: higher priced homes
- 00641, PR: less expensive homes
- 28147, NC: higher priced homes
- 20876, MD: higher priced homes
- 19122, PA: higher priced homes
- 15217, PA: higher priced homes
- 15212, PA: equally priced homes
- 10075, NY: higher priced homes
- 08050, NJ: higher priced homes
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