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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 $77,747, lower than the Michigan average of $250,415.
The average cost of rent is $1,063/mo in 48238, primarily driven by the current value of real estate in the 48238 area. In 48238, 52.83% of households rent, and 72.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48238 is $3,034 per month. Households that rent pay about 35.02% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48204, MI: less expensive homes
- 48221, MI: higher priced homes
- 48206, MI: higher priced homes
- 48227, MI: equally 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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