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These days, finding an affordable place to live in the 48229 area can be challenging. Home prices in 48229 are now at a median cost of $66,876, lower than the Michigan average of $250,415.
The average cost of rent is $846/mo in 48229, primarily driven by the current value of real estate in the 48229 area. In 48229, 37.80% of households rent, and 75.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48229 is $3,204 per month. Households that rent pay about 26.42% of their income on rent here. 48229’s most expensive areas are in the northern 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
- 48217, MI: equally priced homes
- 48218, MI: equally priced homes
- 48146, MI: higher priced homes
- 48122, MI: higher priced homes
- 48192, MI: higher priced homes
- 48101, MI: higher priced homes
- 48120, MI: higher priced homes
- 48195, MI: higher priced homes
- 48209, MI: higher priced homes
- 48210, MI: higher priced homes
Zip Codes with Similar Populations
- 73065, OK: higher priced homes
- 01863, MA: higher priced homes
- 01952, MA: higher priced homes
- 02460, MA: higher priced homes
- 06480, CT: higher priced homes
- 78756, TX: higher priced homes
- 53205, WI: higher priced homes
- 48165, MI: higher priced homes
- 48444, MI: higher priced homes
- 49461, MI: higher priced homes
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