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These days, finding an affordable place to live in the 48208 area can be challenging. Home prices in 48208 are now at a median cost of $153,958, lower than the Michigan average of $196,062.
The average cost of rent is $748/mo in 48208, primarily driven by the current value of real estate in the 48208 area. While nearly 72.79% of residents own their homes outright in 48208, 70.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48208 is $2,697 per month. Households that rent pay about 27.73% of their income on rent here. 48208's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48201, MI: higher priced homes
- 48216, MI: higher priced homes
- 48202, MI: higher priced homes
- 48206, MI: less expensive homes
- 48226, MI: higher priced homes
- 48210, MI: less expensive homes
- 48209, MI: less expensive homes
- 48204, MI: less expensive homes
- 48207, MI: equally priced homes
- 48211, MI: less expensive homes
Zip Codes with Similar Populations
- 83805, ID: higher priced homes
- 16063, PA: higher priced homes
- 16214, PA: equally priced homes
- 17236, PA: higher priced homes
- 17345, PA: higher priced homes
- 30145, GA: higher priced homes
- 30535, GA: equally priced homes
- 76424, TX: less expensive homes
- 78639, TX: higher priced homes
- 78648, TX: equally priced homes
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