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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 $280,649, higher than the Michigan average of $250,415.
The average cost of rent is $1,446/mo in 48197, primarily driven by the current value of real estate in the 48197 area. In 48197, 46.07% of households rent, and 39.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48197 is $7,293 per month. Households that rent pay about 19.83% of their income on rent here. 48197’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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
- 48198, MI: less expensive homes
- 48108, MI: higher priced homes
- 48104, MI: higher priced homes
- 48190, MI: higher priced homes
- 48191, MI: less expensive homes
- 48109, MI: higher priced homes
- 48105, MI: higher priced homes
- 48111, MI: equally priced 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: equally priced homes
- 75098, TX: higher priced homes
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