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These days, finding an affordable place to live in the 48168 area can be challenging. Home prices in 48168 are now at a median cost of $640,174, higher than the Michigan average of $250,415.
The average cost of rent is $1,891/mo in 48168, primarily driven by the current value of real estate in the 48168 area. In 48168, 9.82% of households rent, and 37.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48168 is $15,740 per month. Households that rent pay about 12.01% of their income on rent here. 48168’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 48167, MI: less expensive homes
- 48170, MI: less expensive homes
- 48375, MI: less expensive homes
- 48175, MI: equally priced homes
- 48374, MI: equally priced homes
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- 48335, MI: less expensive homes
- 48154, MI: less expensive homes
- 48152, MI: less expensive homes
- 48377, MI: less expensive homes
Zip Codes with Similar Populations
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- 31312, GA: less expensive homes
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