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These days, finding an affordable place to live in the 48188 area can be challenging. Home prices in 48188 are now at a median cost of $223,297, higher than the Michigan average of $196,062.
The average cost of rent is $1,644/mo in 48188, primarily driven by the current value of real estate in the 48188 area. While nearly 37.47% of residents own their homes outright in 48188, 20.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48188 is $8,156 per month. Households that rent pay about 20.16% of their income on rent here. 48188's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48187, MI: higher priced homes
- 48170, MI: higher priced homes
- 48184, MI: less expensive homes
- 48186, MI: less expensive homes
- 48198, MI: less expensive homes
- 48185, MI: less expensive homes
- 48111, MI: less expensive homes
- 48135, MI: less expensive homes
- 48150, MI: less expensive homes
- 48141, MI: less expensive homes
Zip Codes with Similar Populations
- 43235, OH: higher priced homes
- 73505, OK: less expensive homes
- 70769, LA: higher priced homes
- 70737, LA: equally priced homes
- 70301, LA: less expensive homes
- 60586, IL: higher priced homes
- 58103, ND: less expensive homes
- 55112, MN: higher priced homes
- 53704, WI: equally priced homes
- 49423, MI: equally priced homes
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