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These days, finding an affordable place to live in the 48221 area can be challenging. Home prices in 48221 are now at a median cost of $109,709, lower than the Michigan average of $196,062.
The average cost of rent is $1,020/mo in 48221, primarily driven by the current value of real estate in the 48221 area. While nearly 56.97% of residents own their homes outright in 48221, 36.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48221 is $4,438 per month. Households that rent pay about 22.99% of their income on rent here. 48221's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48238, MI: less expensive homes
- 48235, MI: less expensive homes
- 48220, MI: higher priced homes
- 48203, MI: less expensive homes
- 48069, MI: higher priced homes
- 48237, MI: higher priced homes
- 48227, MI: less expensive homes
- 48030, MI: equally priced homes
- 48070, MI: higher priced homes
- 48206, MI: less expensive homes
Zip Codes with Similar Populations
- 19136, PA: higher priced homes
- 20735, MD: higher priced homes
- 20877, MD: higher priced homes
- 21014, MD: higher priced homes
- 28079, NC: higher priced homes
- 28092, NC: higher priced homes
- 28208, NC: higher priced homes
- 95928, CA: higher priced homes
- 71203, LA: higher priced homes
- 79925, TX: higher priced homes
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