Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 48315 area can be challenging. Home prices in 48315 are now at a median cost of $268,923, higher than the Michigan average of $196,062.
The average cost of rent is $1,076/mo in 48315, primarily driven by the current value of real estate in the 48315 area. While nearly 40.90% of residents own their homes outright in 48315, 11.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48315 is $8,025 per month. Households that rent pay about 13.41% of their income on rent here. 48315's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48317, MI: less expensive homes
- 48044, MI: less expensive homes
- 48042, MI: higher priced homes
- 48316, MI: higher priced homes
- 48313, MI: less expensive homes
- 48038, MI: less expensive homes
- 48314, MI: equally priced homes
- 48094, MI: higher priced homes
- 48307, MI: equally priced homes
- 48036, MI: less expensive homes
Zip Codes with Similar Populations
- 06410, CT: higher priced homes
- 08055, NJ: higher priced homes
- 08755, NJ: higher priced homes
- 70117, LA: less expensive homes
- 48101, MI: less expensive homes
- 49401, MI: less expensive homes
- 51106, IA: less expensive homes
- 53562, WI: higher priced homes
- 55014, MN: equally priced homes
- 55118, MN: higher priced homes
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