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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 $44,128, lower than the Michigan average of $196,062.
The average cost of rent is $863/mo in 48217, primarily driven by the current value of real estate in the 48217 area. While nearly 83.70% of residents own their homes outright in 48217, 38.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48217 is $3,214 per month. Households that rent pay about 26.86% of their income on rent here. 48217's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48218, MI: equally priced homes
- 48229, MI: higher 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: equally 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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