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These days, finding an affordable place to live in the 48234 area can be challenging. Home prices in 48234 are now at a median cost of $47,933, lower than the Michigan average of $196,062.
The average cost of rent is $877/mo in 48234, primarily driven by the current value of real estate in the 48234 area. While nearly 73.16% of residents own their homes outright in 48234, 45.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48234 is $3,033 per month. Households that rent pay about 28.92% of their income on rent here. 48234's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48212, MI: higher priced homes
- 48091, MI: higher priced homes
- 48203, MI: higher priced homes
- 48030, MI: higher priced homes
- 48015, MI: higher priced homes
- 48205, MI: less expensive homes
- 48089, MI: higher priced homes
- 48211, MI: higher priced homes
- 48213, MI: less expensive homes
- 48202, MI: higher priced homes
Zip Codes with Similar Populations
- 02121, MA: higher priced homes
- 98029, WA: higher priced homes
- 97603, OR: higher priced homes
- 94043, CA: higher priced homes
- 92116, CA: higher priced homes
- 91214, CA: higher priced homes
- 77017, TX: higher priced homes
- 76036, TX: higher priced homes
- 74820, OK: higher priced homes
- 45005, OH: higher priced homes
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