Affordable
Expensive
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These days, finding an affordable place to live in the 48309 area can be challenging. Home prices in 48309 are now at a median cost of $359,633, higher than the Michigan average of $196,062.
The average cost of rent is $1,483/mo in 48309, primarily driven by the current value of real estate in the 48309 area. While nearly 30.00% of residents own their homes outright in 48309, 18.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48309 is $9,250 per month. Households that rent pay about 16.04% of their income on rent here. 48309's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48326, MI: less expensive homes
- 48307, MI: less expensive homes
- 48306, MI: higher priced homes
- 48098, MI: higher priced homes
- 48342, MI: less expensive homes
- 48304, MI: higher priced homes
- 48340, MI: less expensive homes
- 48085, MI: equally priced homes
- 48359, MI: less expensive homes
- 48316, MI: less expensive homes
Zip Codes with Similar Populations
- 02136, MA: higher priced homes
- 05401, VT: higher priced homes
- 06770, CT: less expensive homes
- 08611, NJ: less expensive homes
- 10704, NY: higher priced homes
- 11050, NY: higher priced homes
- 20603, MD: equally priced homes
- 20815, MD: higher priced homes
- 21009, MD: less expensive homes
- 23606, VA: less expensive homes
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