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These days, finding an affordable place to live in the 48302 area can be challenging. Home prices in 48302 are now at a median cost of $704,738, higher than the Michigan average of $250,415.
The average cost of rent is $2,384/mo in 48302, primarily driven by the current value of real estate in the 48302 area. In 48302, 14.23% of households rent, and 39.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48302 is $15,538 per month. Households that rent pay about 15.34% of their income on rent here. 48302’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 48301, MI: equally priced homes
- 48320, MI: less expensive homes
- 48341, MI: less expensive homes
- 48304, MI: less expensive homes
- 48323, MI: less expensive homes
- 48342, MI: less expensive homes
- 48025, MI: less expensive homes
- 48009, MI: equally priced homes
- 48328, MI: less expensive homes
- 48324, MI: less expensive homes
Zip Codes with Similar Populations
- 46774, IN: less expensive homes
- 35967, AL: less expensive homes
- 36108, AL: less expensive homes
- 36502, AL: less expensive homes
- 38614, MS: less expensive homes
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- 40208, KY: less expensive homes
- 41076, KY: less expensive homes
- 00638, PR: less expensive homes
- 96021, CA: less expensive homes
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