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These days, finding an affordable place to live in the 48317 area can be challenging. Home prices in 48317 are now at a median cost of $276,462, higher than the Michigan average of $250,415.
The average cost of rent is $1,379/mo in 48317, primarily driven by the current value of real estate in the 48317 area. In 48317, 42.73% of households rent, and 40.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48317 is $6,256 per month. Households that rent pay about 22.05% of their income on rent here. 48317’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 48314, MI: higher priced homes
- 48315, MI: higher priced homes
- 48316, MI: higher priced homes
- 48313, MI: equally priced homes
- 48307, MI: higher priced homes
- 48085, MI: higher priced homes
- 48310, MI: equally priced homes
- 48038, MI: equally priced homes
- 48044, MI: higher priced homes
- 48094, MI: higher priced homes
Zip Codes with Similar Populations
- 37206, TN: higher priced homes
- 98296, WA: higher priced homes
- 98146, WA: higher priced homes
- 96753, HI: higher priced homes
- 95815, CA: higher priced homes
- 95492, CA: higher priced homes
- 85304, AZ: higher priced homes
- 84780, UT: higher priced homes
- 76018, TX: equally priced homes
- 54303, WI: less expensive homes
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