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These days, finding an affordable place to live in the 48215 area can be challenging. Home prices in 48215 are now at a median cost of $118,401, lower than the Michigan average of $196,062.
The average cost of rent is $789/mo in 48215, primarily driven by the current value of real estate in the 48215 area. While nearly 73.27% of residents own their homes outright in 48215, 56.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48215 is $3,093 per month. Households that rent pay about 25.51% of their income on rent here. 48215's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48230, MI: higher priced homes
- 48214, MI: equally priced homes
- 48224, MI: less expensive homes
- 48213, MI: less expensive homes
- 48207, MI: higher priced homes
- 48236, MI: higher priced homes
- 48205, MI: less expensive homes
- 48225, MI: less expensive homes
- 48211, MI: less expensive homes
- 48212, MI: less expensive homes
Zip Codes with Similar Populations
- 91708, CA: higher priced homes
- 21793, MD: higher priced homes
- 22827, VA: higher priced homes
- 22932, VA: higher priced homes
- 78957, TX: higher priced homes
- 80424, CO: higher priced homes
- 83661, ID: higher priced homes
- 85735, AZ: higher priced homes
- 85941, AZ: less expensive homes
- 89703, NV: higher priced homes
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