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These days, finding an affordable place to live in the 48307 area can be challenging. Home prices in 48307 are now at a median cost of $261,655, higher than the Michigan average of $196,062.
The average cost of rent is $1,443/mo in 48307, primarily driven by the current value of real estate in the 48307 area. While nearly 43.73% of residents own their homes outright in 48307, 36.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48307 is $8,023 per month. Households that rent pay about 17.98% of their income on rent here. 48307's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48309, MI: higher priced homes
- 48316, MI: higher priced homes
- 48317, MI: less expensive homes
- 48306, MI: higher priced homes
- 48085, MI: higher priced homes
- 48314, MI: equally priced homes
- 48098, MI: higher priced homes
- 48326, MI: less expensive homes
- 48315, MI: equally priced homes
- 48094, MI: higher priced homes
Zip Codes with Similar Populations
- 23803, VA: less expensive homes
- 30032, GA: less expensive homes
- 29687, SC: less expensive homes
- 29621, SC: less expensive homes
- 29414, SC: higher priced homes
- 28806, NC: less expensive homes
- 28306, NC: less expensive homes
- 28105, NC: higher priced homes
- 27215, NC: less expensive homes
- 94010, CA: higher priced homes
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