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These days, finding an affordable place to live in the 48238 area can be challenging. Home prices in 48238 are now at a median cost of $48,845, lower than the Michigan average of $196,062.
The average cost of rent is $873/mo in 48238, primarily driven by the current value of real estate in the 48238 area. While nearly 73.41% of residents own their homes outright in 48238, 48.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48238 is $2,466 per month. Households that rent pay about 35.39% of their income on rent here. 48238's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48204, MI: equally priced homes
- 48221, MI: higher priced homes
- 48206, MI: higher priced homes
- 48227, MI: higher priced homes
- 48203, MI: higher priced homes
- 48235, MI: higher priced homes
- 48202, MI: higher priced homes
- 48210, MI: equally priced homes
- 48208, MI: higher priced homes
- 48220, MI: higher priced homes
Zip Codes with Similar Populations
- 28443, NC: higher priced homes
- 00915, PR: higher priced homes
- 38583, TN: higher priced homes
- 37743, TN: higher priced homes
- 85750, AZ: higher priced homes
- 30233, GA: higher priced homes
- 30017, GA: higher priced homes
- 28326, NC: higher priced homes
- 28209, NC: higher priced homes
- 28037, NC: higher priced homes
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