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These days, finding an affordable place to live in the 48306 area can be challenging. Home prices in 48306 are now at a median cost of $464,137, higher than the Michigan average of $196,062.
The average cost of rent is $1,608/mo in 48306, primarily driven by the current value of real estate in the 48306 area. While nearly 30.43% of residents own their homes outright in 48306, 6.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48306 is $13,774 per month. Households that rent pay about 11.67% of their income on rent here. 48306's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48309, MI: less expensive homes
- 48363, MI: equally priced homes
- 48307, MI: less expensive homes
- 48326, MI: less expensive homes
- 48316, MI: less expensive homes
- 48360, MI: less expensive homes
- 48359, MI: less expensive homes
- 48362, MI: less expensive homes
- 48094, MI: less expensive homes
- 48340, MI: less expensive homes
Zip Codes with Similar Populations
- 10308, NY: higher priced homes
- 11001, NY: higher priced homes
- 11720, NY: less expensive homes
- 11729, NY: less expensive homes
- 14606, NY: less expensive homes
- 15146, PA: less expensive homes
- 19454, PA: less expensive homes
- 21213, MD: less expensive homes
- 27278, NC: less expensive homes
- 29115, SC: less expensive homes
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