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These days, finding an affordable place to live in the 48201 area can be challenging. Home prices in 48201 are now at a median cost of $352,306, higher than the Michigan average of $196,062.
The average cost of rent is $781/mo in 48201, primarily driven by the current value of real estate in the 48201 area. While nearly 59.82% of residents own their homes outright in 48201, 88.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48201 is $2,330 per month. Households that rent pay about 33.51% of their income on rent here. 48201's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48208, MI: less expensive homes
- 48226, MI: equally priced homes
- 48202, MI: less expensive homes
- 48216, MI: less expensive homes
- 48207, MI: less expensive homes
- 48211, MI: less expensive homes
- 48206, MI: less expensive homes
- 48214, MI: less expensive homes
- 48212, MI: less expensive homes
- 48210, MI: less expensive homes
Zip Codes with Similar Populations
- 06706, CT: less expensive homes
- 66207, KS: higher priced homes
- 67156, KS: less expensive homes
- 63051, MO: less expensive homes
- 60191, IL: less expensive homes
- 38668, MS: less expensive homes
- 38103, TN: equally priced homes
- 37663, TN: less expensive homes
- 00927, PR: less expensive homes
- 37166, TN: less expensive homes
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