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These days, finding an affordable place to live in the 48220 area can be challenging. Home prices in 48220 are now at a median cost of $187,995, lower than the Michigan average of $196,062.
The average cost of rent is $1,083/mo in 48220, primarily driven by the current value of real estate in the 48220 area. While nearly 26.61% of residents own their homes outright in 48220, 35.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48220 is $6,319 per month. Households that rent pay about 17.14% of their income on rent here. 48220's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48069, MI: higher priced homes
- 48030, MI: less expensive homes
- 48067, MI: higher priced homes
- 48221, MI: less expensive homes
- 48070, MI: higher priced homes
- 48237, MI: less expensive homes
- 48203, MI: less expensive homes
- 48071, MI: less expensive homes
- 48235, MI: less expensive homes
- 48072, MI: higher priced homes
Zip Codes with Similar Populations
- 06002, CT: higher priced homes
- 99623, AK: higher priced homes
- 95965, CA: higher priced homes
- 34114, FL: higher priced homes
- 33634, FL: higher priced homes
- 32960, FL: higher priced homes
- 21202, MD: higher priced homes
- 19010, PA: higher priced homes
- 10543, NY: higher priced homes
- 84054, UT: higher priced homes
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