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These days, finding an affordable place to live in the 48202 area can be challenging. Home prices in 48202 are now at a median cost of $275,415, higher than the Michigan average of $250,415.
The average cost of rent is $1,014/mo in 48202, primarily driven by the current value of real estate in the 48202 area. In 48202, 67.83% of households rent, and 55.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48202 is $4,106 per month. Households that rent pay about 24.69% of their income on rent here. 48202’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 48206, MI: less expensive homes
- 48208, MI: less expensive homes
- 48201, MI: higher priced homes
- 48211, MI: less expensive homes
- 48212, MI: less expensive homes
- 48226, MI: higher priced homes
- 48207, MI: less expensive homes
- 48216, MI: higher priced homes
- 48204, MI: less expensive homes
- 48203, MI: less expensive homes
Zip Codes with Similar Populations
- 15228, PA: higher priced homes
- 27021, NC: less expensive homes
- 82716, WY: less expensive homes
- 27523, NC: higher priced homes
- 75751, TX: less expensive homes
- 94301, CA: higher priced homes
- 94702, CA: higher priced homes
- 15025, PA: less expensive homes
- 13039, NY: equally priced homes
- 12054, NY: higher priced homes
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