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These days, finding an affordable place to live in the 48304 area can be challenging. Home prices in 48304 are now at a median cost of $608,239, higher than the Michigan average of $250,415.
The average cost of rent is $2,038/mo in 48304, primarily driven by the current value of real estate in the 48304 area. In 48304, 10.81% of households rent, and 43.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48304 is $13,192 per month. Households that rent pay about 15.45% of their income on rent here. 48304’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 48098, MI: less expensive homes
- 48302, MI: higher priced homes
- 48009, MI: higher priced homes
- 48084, MI: less expensive homes
- 48301, MI: higher priced homes
- 48342, MI: less expensive homes
- 48341, MI: less expensive homes
- 48326, MI: less expensive homes
- 48025, MI: equally priced homes
- 48309, MI: less expensive homes
Zip Codes with Similar Populations
- 01913, MA: less expensive homes
- 16365, PA: less expensive homes
- 14052, NY: less expensive homes
- 12534, NY: less expensive homes
- 10603, NY: less expensive homes
- 08062, NJ: less expensive homes
- 02806, RI: higher priced homes
- 02746, MA: less expensive homes
- 98282, WA: higher priced homes
- 53575, WI: less expensive homes
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