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These days, finding an affordable place to live in the 48207 area can be challenging. Home prices in 48207 are now at a median cost of $160,657, lower than the Michigan average of $196,062.
The average cost of rent is $966/mo in 48207, primarily driven by the current value of real estate in the 48207 area. While nearly 55.59% of residents own their homes outright in 48207, 74.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48207 is $3,335 per month. Households that rent pay about 28.96% of their income on rent here. 48207's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48226, MI: higher priced homes
- 48201, MI: higher priced homes
- 48214, MI: less expensive homes
- 48211, MI: less expensive homes
- 48216, MI: higher priced homes
- 48202, MI: higher priced homes
- 48208, MI: equally priced homes
- 48213, MI: less expensive homes
- 48212, MI: less expensive homes
- 48215, MI: less expensive homes
Zip Codes with Similar Populations
- 98275, WA: higher priced homes
- 21037, MD: higher priced homes
- 32129, FL: equally priced homes
- 36701, AL: less expensive homes
- 80403, CO: higher priced homes
- 49601, MI: equally priced homes
- 55305, MN: higher priced homes
- 60473, IL: equally priced homes
- 60642, IL: higher priced homes
- 68130, NE: higher priced homes
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