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These days, finding an affordable place to live in the 48237 area can be challenging. Home prices in 48237 are now at a median cost of $212,619, lower than the Michigan average of $250,415.
The average cost of rent is $1,577/mo in 48237, primarily driven by the current value of real estate in the 48237 area. In 48237, 36.71% of households rent, and 33.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48237 is $6,408 per month. Households that rent pay about 24.61% of their income on rent here. 48237’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 48070, MI: higher priced homes
- 48069, MI: higher priced homes
- 48075, MI: equally priced homes
- 48072, MI: higher priced homes
- 48220, MI: higher priced homes
- 48067, MI: higher priced homes
- 48235, MI: less expensive homes
- 48076, MI: higher priced homes
- 48221, MI: less expensive homes
- 48073, MI: higher priced homes
Zip Codes with Similar Populations
- 65536, MO: less expensive homes
- 39120, MS: less expensive homes
- 42071, KY: less expensive homes
- 44125, OH: less expensive homes
- 44146, OH: less expensive homes
- 44221, OH: less expensive homes
- 49684, MI: higher priced homes
- 58504, ND: higher priced homes
- 59602, MT: higher priced homes
- 60438, IL: less expensive homes
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