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These days, finding an affordable place to live in the 48217 area can be challenging. Home prices in 48217 are now at a median cost of $65,365, lower than the Michigan average of $250,415.
The average cost of rent is $1,168/mo in 48217, primarily driven by the current value of real estate in the 48217 area. In 48217, 36.68% of households rent, and 76.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48217 is $4,496 per month. Households that rent pay about 25.97% of their income on rent here. 48217’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48218, MI: equally priced homes
- 48229, MI: equally priced homes
- 48122, MI: higher priced homes
- 48146, MI: higher priced homes
- 48120, MI: higher priced homes
- 48101, MI: higher priced homes
- 48209, MI: higher priced homes
- 48192, MI: higher priced homes
- 48126, MI: higher priced homes
- 48210, MI: higher priced homes
Zip Codes with Similar Populations
- 22939, VA: higher priced homes
- 76691, TX: higher priced homes
- 30183, GA: higher priced homes
- 29479, SC: higher priced homes
- 28398, NC: higher priced homes
- 27962, NC: higher priced homes
- 24441, VA: higher priced homes
- 24228, VA: higher priced homes
- 24101, VA: higher priced homes
- 23487, VA: higher priced homes
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