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These days, finding an affordable place to live in the 48197 area can be challenging. Home prices in 48197 are now at a median cost of $216,646, higher than the Michigan average of $196,062.
The average cost of rent is $1,137/mo in 48197, primarily driven by the current value of real estate in the 48197 area. While nearly 36.83% of residents own their homes outright in 48197, 53.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48197 is $5,626 per month. Households that rent pay about 20.20% of their income on rent here. 48197's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48198, MI: less expensive homes
- 48108, MI: higher priced homes
- 48104, MI: higher priced homes
- 48190, MI: equally priced homes
- 48191, MI: equally priced homes
- 48109, MI: higher priced homes
- 48105, MI: higher priced homes
- 48111, MI: less expensive homes
- 48176, MI: higher priced homes
- 48103, MI: higher priced homes
Zip Codes with Similar Populations
- 10027, NY: higher priced homes
- 32828, FL: higher priced homes
- 95020, CA: higher priced homes
- 94513, CA: higher priced homes
- 94110, CA: higher priced homes
- 92882, CA: higher priced homes
- 92201, CA: higher priced homes
- 90262, CA: higher priced homes
- 89115, NV: less expensive homes
- 75098, TX: higher priced homes
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