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These days, finding an affordable place to live in the 48230 area can be challenging. Home prices in 48230 are now at a median cost of $495,047, higher than the Michigan average of $250,415.
The average cost of rent is $1,555/mo in 48230, primarily driven by the current value of real estate in the 48230 area. In 48230, 21.66% of households rent, and 35.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48230 is $12,277 per month. Households that rent pay about 12.66% of their income on rent here. 48230’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 48215, MI: less expensive homes
- 48224, MI: less expensive homes
- 48236, MI: less expensive homes
- 48213, MI: less expensive homes
- 48225, MI: less expensive homes
- 48214, MI: less expensive homes
- 48205, MI: less expensive homes
- 48080, MI: less expensive homes
- 48021, MI: less expensive homes
- 48207, MI: less expensive homes
Zip Codes with Similar Populations
- 05301, VT: less expensive homes
- 07310, NJ: higher priced homes
- 07733, NJ: higher priced homes
- 11733, NY: higher priced homes
- 16652, PA: less expensive homes
- 20905, MD: higher priced homes
- 70507, LA: less expensive homes
- 85253, AZ: higher priced homes
- 70125, LA: less expensive homes
- 69361, NE: less expensive homes
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