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These days, finding an affordable place to live in the 48312 area can be challenging. Home prices in 48312 are now at a median cost of $258,262, higher than the Michigan average of $250,415.
The average cost of rent is $1,291/mo in 48312, primarily driven by the current value of real estate in the 48312 area. In 48312, 25.72% of households rent, and 39.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48312 is $6,427 per month. Households that rent pay about 20.09% of their income on rent here. 48312’s most expensive areas are in the northwestern 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
- 48313, MI: equally priced homes
- 48088, MI: less expensive homes
- 48026, MI: less expensive homes
- 48093, MI: less expensive homes
- 48310, MI: equally priced homes
- 48038, MI: equally priced homes
- 48092, MI: less expensive homes
- 48314, MI: higher priced homes
- 48035, MI: less expensive homes
- 48066, MI: less expensive homes
Zip Codes with Similar Populations
- 91340, CA: higher priced homes
- 20016, DC: higher priced homes
- 99352, WA: higher priced homes
- 08332, NJ: less expensive homes
- 98404, WA: higher priced homes
- 85635, AZ: less expensive homes
- 84129, UT: higher priced homes
- 80228, CO: higher priced homes
- 77014, TX: less expensive homes
- 76021, TX: higher priced homes
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