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These days, finding an affordable place to live in the 48314 area can be challenging. Home prices in 48314 are now at a median cost of $328,729, higher than the Michigan average of $250,415.
The average cost of rent is $2,080/mo in 48314, primarily driven by the current value of real estate in the 48314 area. In 48314, 24.07% of households rent, and 40.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48314 is $8,043 per month. Households that rent pay about 25.86% of their income on rent here. 48314’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 48317, MI: less expensive homes
- 48313, MI: less expensive homes
- 48085, MI: higher priced homes
- 48310, MI: less expensive homes
- 48312, MI: less expensive homes
- 48083, MI: equally priced homes
- 48315, MI: higher priced homes
- 48307, MI: equally priced homes
- 48316, MI: higher priced homes
- 48038, MI: less expensive homes
Zip Codes with Similar Populations
- 83338, ID: less expensive homes
- 49014, MI: less expensive homes
- 55076, MN: equally priced homes
- 70043, LA: less expensive homes
- 73130, OK: less expensive homes
- 73135, OK: less expensive homes
- 74021, OK: less expensive homes
- 75146, TX: less expensive homes
- 78566, TX: less expensive homes
- 78735, TX: higher priced homes
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