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These days, finding an affordable place to live in the 48216 area can be challenging. Home prices in 48216 are now at a median cost of $183,430, lower than the Michigan average of $196,062.
The average cost of rent is $714/mo in 48216, primarily driven by the current value of real estate in the 48216 area. While nearly 54.16% of residents own their homes outright in 48216, 56.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48216 is $3,165 per month. Households that rent pay about 22.57% of their income on rent here. 48216's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48226, MI: higher priced homes
- 48208, MI: less expensive homes
- 48201, MI: higher priced homes
- 48209, MI: less expensive homes
- 48210, MI: less expensive homes
- 48207, MI: less expensive homes
- 48202, MI: higher priced homes
- 48206, MI: less expensive homes
- 48204, MI: less expensive homes
- 48211, MI: less expensive homes
Zip Codes with Similar Populations
- 17233, PA: less expensive homes
- 81054, CO: less expensive homes
- 78361, TX: less expensive homes
- 21162, MD: higher priced homes
- 20158, VA: higher priced homes
- 19031, PA: higher priced homes
- 18610, PA: equally priced homes
- 18519, PA: less expensive homes
- 17922, PA: equally priced homes
- 17728, PA: equally priced homes
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