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These days, finding an affordable place to live in the 48204 area can be challenging. Home prices in 48204 are now at a median cost of $65,592, lower than the Michigan average of $250,415.
The average cost of rent is $1,164/mo in 48204, primarily driven by the current value of real estate in the 48204 area. In 48204, 44.31% of households rent, and 76.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48204 is $2,980 per month. Households that rent pay about 39.06% of their income on rent here. 48204’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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: higher priced homes
- 48238, MI: higher priced homes
- 48210, MI: higher priced homes
- 48126, MI: higher priced homes
- 48227, MI: higher priced homes
- 48208, MI: higher priced homes
- 48202, MI: higher priced homes
- 48228, MI: equally priced homes
- 48209, MI: higher priced homes
- 48216, MI: higher priced homes
Zip Codes with Similar Populations
- 76104, TX: higher priced homes
- 46202, IN: higher priced homes
- 48009, MI: higher priced homes
- 48207, MI: higher priced homes
- 48842, MI: higher priced homes
- 60803, IL: higher priced homes
- 65251, MO: higher priced homes
- 68106, NE: higher priced homes
- 71037, LA: higher priced homes
- 73008, OK: higher priced homes
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