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These days, finding an affordable place to live in the 48198 area can be challenging. Home prices in 48198 are now at a median cost of $155,748, lower than the Michigan average of $196,062.
The average cost of rent is $1,150/mo in 48198, primarily driven by the current value of real estate in the 48198 area. While nearly 43.24% of residents own their homes outright in 48198, 40.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48198 is $4,946 per month. Households that rent pay about 23.25% of their income on rent here. 48198's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48197, MI: higher priced homes
- 48188, MI: higher priced homes
- 48111, MI: higher priced homes
- 48108, MI: higher priced homes
- 48105, MI: higher priced homes
- 48104, MI: higher priced homes
- 48187, MI: higher priced homes
- 48109, MI: higher priced homes
- 48191, MI: higher priced homes
- 48190, MI: higher priced homes
Zip Codes with Similar Populations
- 28212, NC: higher priced homes
- 89015, NV: higher priced homes
- 49504, MI: higher priced homes
- 50613, IA: higher priced homes
- 52722, IA: higher priced homes
- 97230, OR: higher priced homes
- 54701, WI: higher priced homes
- 63122, MO: higher priced homes
- 62040, IL: less expensive homes
- 97030, OR: higher priced homes
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