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These days, finding an affordable place to live in the 48227 area can be challenging. Home prices in 48227 are now at a median cost of $82,334, lower than the Michigan average of $250,415.
The average cost of rent is $1,077/mo in 48227, primarily driven by the current value of real estate in the 48227 area. In 48227, 41.11% of households rent, and 72.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48227 is $3,307 per month. Households that rent pay about 32.56% of their income on rent here. 48227’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 48223, MI: higher priced homes
- 48235, MI: higher priced homes
- 48238, MI: equally priced homes
- 48228, MI: less expensive homes
- 48204, MI: less expensive homes
- 48221, MI: higher priced homes
- 48219, MI: higher priced homes
- 48126, MI: higher priced homes
- 48206, MI: higher priced homes
- 48210, MI: less expensive homes
Zip Codes with Similar Populations
- 32065, FL: higher priced homes
- 92037, CA: higher priced homes
- 92240, CA: higher priced homes
- 92394, CA: higher priced homes
- 37920, TN: higher priced homes
- 93637, CA: higher priced homes
- 93706, CA: higher priced homes
- 34759, FL: higher priced homes
- 94117, CA: higher priced homes
- 33322, FL: higher priced homes
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