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Expensive
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These days, finding an affordable place to live in the 48218 area can be challenging. Home prices in 48218 are now at a median cost of $42,196, lower than the Michigan average of $196,062.
The average cost of rent is $603/mo in 48218, primarily driven by the current value of real estate in the 48218 area. While nearly 68.76% of residents own their homes outright in 48218, 50.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48218 is $2,120 per month. Households that rent pay about 28.44% of their income on rent here. 48218's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48217, MI: equally priced homes
- 48229, MI: higher priced homes
- 48122, MI: higher priced homes
- 48120, MI: higher priced homes
- 48146, MI: higher priced homes
- 48209, MI: higher priced homes
- 48101, MI: higher priced homes
- 48192, MI: higher priced homes
- 48210, MI: equally priced homes
- 48216, MI: higher priced homes
Zip Codes with Similar Populations
- 43713, OH: higher priced homes
- 74020, OK: higher priced homes
- 73750, OK: higher priced homes
- 73439, OK: higher priced homes
- 71343, LA: higher priced homes
- 70648, LA: higher priced homes
- 61036, IL: higher priced homes
- 53118, WI: higher priced homes
- 49841, MI: higher priced homes
- 49053, MI: higher priced homes
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