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These days, finding an affordable place to live in the 48225 area can be challenging. Home prices in 48225 are now at a median cost of $101,100, lower than the Michigan average of $196,062.
The average cost of rent is $1,228/mo in 48225, primarily driven by the current value of real estate in the 48225 area. While nearly 43.28% of residents own their homes outright in 48225, 41.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48225 is $4,565 per month. Households that rent pay about 26.90% of their income on rent here. 48225's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48236, MI: higher priced homes
- 48224, MI: less expensive homes
- 48021, MI: less expensive homes
- 48080, MI: higher priced homes
- 48205, MI: less expensive homes
- 48230, MI: higher priced homes
- 48213, MI: less expensive homes
- 48089, MI: less expensive homes
- 48081, MI: higher priced homes
- 48215, MI: higher priced homes
Zip Codes with Similar Populations
- 45640, OH: higher priced homes
- 60070, IL: higher priced homes
- 58203, ND: higher priced homes
- 55391, MN: higher priced homes
- 49080, MI: higher priced homes
- 48827, MI: higher priced homes
- 48624, MI: higher priced homes
- 46637, IN: higher priced homes
- 46228, IN: higher priced homes
- 63115, MO: less expensive homes
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