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These days, finding an affordable place to live in the 48203 area can be challenging. Home prices in 48203 are now at a median cost of $89,618, lower than the Michigan average of $196,062.
The average cost of rent is $779/mo in 48203, primarily driven by the current value of real estate in the 48203 area. While nearly 67.73% of residents own their homes outright in 48203, 54.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48203 is $2,909 per month. Households that rent pay about 26.77% of their income on rent here. 48203's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48212, MI: less expensive homes
- 48221, MI: higher priced homes
- 48238, MI: less expensive homes
- 48030, MI: higher priced homes
- 48234, MI: less expensive homes
- 48206, MI: equally priced homes
- 48220, MI: higher priced homes
- 48202, MI: higher priced homes
- 48211, MI: less expensive homes
- 48091, MI: equally priced homes
Zip Codes with Similar Populations
- 72802, AR: higher priced homes
- 32926, FL: higher priced homes
- 33782, FL: higher priced homes
- 38141, TN: higher priced homes
- 44484, OH: higher priced homes
- 46580, IN: higher priced homes
- 54902, WI: higher priced homes
- 60178, IL: higher priced homes
- 64050, MO: higher priced homes
- 71303, LA: higher priced homes
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