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These days, finding an affordable place to live in the 48214 area can be challenging. Home prices in 48214 are now at a median cost of $125,052, lower than the Michigan average of $196,062.
The average cost of rent is $889/mo in 48214, primarily driven by the current value of real estate in the 48214 area. While nearly 68.98% of residents own their homes outright in 48214, 55.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48214 is $3,335 per month. Households that rent pay about 26.66% of their income on rent here. 48214's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48207, MI: higher priced homes
- 48215, MI: equally priced homes
- 48213, MI: less expensive homes
- 48211, MI: less expensive homes
- 48226, MI: higher priced homes
- 48201, MI: higher priced homes
- 48230, MI: higher priced homes
- 48224, MI: less expensive homes
- 48212, MI: less expensive homes
- 48202, MI: higher priced homes
Zip Codes with Similar Populations
- 08361, NJ: higher priced homes
- 78732, TX: higher priced homes
- 31015, GA: equally priced homes
- 33167, FL: higher priced homes
- 44622, OH: higher priced homes
- 48213, MI: less expensive homes
- 53012, WI: higher priced homes
- 53716, WI: higher priced homes
- 75803, TX: equally priced homes
- 76574, TX: higher priced homes
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