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These days, finding an affordable place to live in the 48187 area can be challenging. Home prices in 48187 are now at a median cost of $404,094, higher than the Michigan average of $250,415.
The average cost of rent is $1,583/mo in 48187, primarily driven by the current value of real estate in the 48187 area. In 48187, 28.62% of households rent, and 32.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48187 is $10,825 per month. Households that rent pay about 14.62% of their income on rent here. 48187’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 48188, MI: equally priced homes
- 48170, MI: equally priced homes
- 48185, MI: less expensive homes
- 48168, MI: higher priced homes
- 48186, MI: less expensive homes
- 48150, MI: less expensive homes
- 48184, MI: less expensive homes
- 48154, MI: less expensive homes
- 48135, MI: less expensive homes
- 48175, MI: higher priced homes
Zip Codes with Similar Populations
- 96734, HI: higher priced homes
- 23223, VA: less expensive homes
- 23666, VA: less expensive homes
- 27265, NC: less expensive homes
- 98003, WA: higher priced homes
- 28540, NC: less expensive homes
- 29223, SC: less expensive homes
- 29229, SC: less expensive homes
- 30809, GA: equally priced homes
- 96816, HI: higher priced homes
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