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These days, finding an affordable place to live in the 48223 area can be challenging. Home prices in 48223 are now at a median cost of $106,018, lower than the Michigan average of $250,415.
The average cost of rent is $1,259/mo in 48223, primarily driven by the current value of real estate in the 48223 area. In 48223, 42.86% of households rent, and 59.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48223 is $4,229 per month. Households that rent pay about 29.77% of their income on rent here. 48223’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
- 48219, MI: equally priced homes
- 48227, MI: less expensive homes
- 48239, MI: higher priced homes
- 48228, MI: less expensive homes
- 48235, MI: equally priced homes
- 48240, MI: higher priced homes
- 48127, MI: higher priced homes
- 48075, MI: higher priced homes
- 48238, MI: less expensive homes
- 48126, MI: higher priced homes
Zip Codes with Similar Populations
- 60502, IL: higher priced homes
- 44087, OH: higher priced homes
- 46052, IN: higher priced homes
- 48176, MI: higher priced homes
- 95841, CA: higher priced homes
- 94596, CA: higher priced homes
- 93041, CA: higher priced homes
- 91202, CA: higher priced homes
- 90720, CA: higher priced homes
- 45805, OH: higher priced homes
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