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These days, finding an affordable place to live in the 48206 area can be challenging. Home prices in 48206 are now at a median cost of $142,887, lower than the Michigan average of $250,415.
The average cost of rent is $1,058/mo in 48206, primarily driven by the current value of real estate in the 48206 area. In 48206, 48.28% of households rent, and 78.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48206 is $3,716 per month. Households that rent pay about 28.48% of their income on rent here. 48206’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 48202, MI: higher priced homes
- 48204, MI: less expensive homes
- 48208, MI: higher priced homes
- 48238, MI: less expensive homes
- 48201, MI: higher priced homes
- 48210, MI: less expensive homes
- 48203, MI: less expensive homes
- 48212, MI: less expensive homes
- 48211, MI: less expensive homes
- 48216, MI: higher priced homes
Zip Codes with Similar Populations
- 06351, CT: higher priced homes
- 07102, NJ: higher priced homes
- 16105, PA: higher priced homes
- 60064, IL: equally priced homes
- 73801, OK: higher priced homes
- 73025, OK: higher priced homes
- 70764, LA: higher priced homes
- 67005, KS: less expensive homes
- 64024, MO: higher priced homes
- 63069, MO: higher priced homes
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