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These days, finding an affordable place to live in the 48166 area can be challenging. Home prices in 48166 are now at a median cost of $157,723, lower than the Michigan average of $196,062.
The average cost of rent is $966/mo in 48166, primarily driven by the current value of real estate in the 48166 area. While nearly 39.56% of residents own their homes outright in 48166, 11.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48166 is $6,269 per month. Households that rent pay about 15.40% of their income on rent here. 48166's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48179, MI: higher priced homes
- 48162, MI: higher priced homes
- 48117, MI: higher priced homes
- 48173, MI: higher priced homes
- 48161, MI: equally priced homes
- 48145, MI: higher priced homes
- 48159, MI: higher priced homes
- 48157, MI: equally priced homes
- 48140, MI: higher priced homes
- 48131, MI: higher priced homes
Zip Codes with Similar Populations
- 08069, NJ: equally priced homes
- 16146, PA: less expensive homes
- 17350, PA: higher priced homes
- 13207, NY: less expensive homes
- 11961, NY: higher priced homes
- 93908, CA: higher priced homes
- 10980, NY: higher priced homes
- 08824, NJ: higher priced homes
- 08030, NJ: less expensive homes
- 97210, OR: higher priced homes
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