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These days, finding an affordable place to live in the 48224 area can be challenging. Home prices in 48224 are now at a median cost of $56,137, lower than the Michigan average of $196,062.
The average cost of rent is $992/mo in 48224, primarily driven by the current value of real estate in the 48224 area. While nearly 65.10% of residents own their homes outright in 48224, 45.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48224 is $3,224 per month. Households that rent pay about 30.78% of their income on rent here. 48224's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48225, MI: higher priced homes
- 48230, MI: higher priced homes
- 48236, MI: higher priced homes
- 48205, MI: less expensive homes
- 48213, MI: less expensive homes
- 48215, MI: higher priced homes
- 48021, MI: higher priced homes
- 48080, MI: higher priced homes
- 48214, MI: higher priced homes
- 48089, MI: higher priced homes
Zip Codes with Similar Populations
- 94578, CA: higher priced homes
- 23059, VA: higher priced homes
- 94118, CA: higher priced homes
- 21804, MD: higher priced homes
- 21784, MD: higher priced homes
- 21701, MD: higher priced homes
- 21401, MD: higher priced homes
- 94124, CA: higher priced homes
- 94551, CA: higher priced homes
- 23832, VA: higher priced homes
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