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These days, finding an affordable place to live in the 48320 area can be challenging. Home prices in 48320 are now at a median cost of $229,600, higher than the Michigan average of $196,062.
The average cost of rent is $1,119/mo in 48320, primarily driven by the current value of real estate in the 48320 area. While nearly 28.18% of residents own their homes outright in 48320, 28.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48320 is $5,910 per month. Households that rent pay about 18.93% of their income on rent here. 48320's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48341, MI: less expensive homes
- 48328, MI: less expensive homes
- 48302, MI: higher priced homes
- 48324, MI: higher priced homes
- 48323, MI: higher priced homes
- 48342, MI: less expensive homes
- 48327, MI: equally priced homes
- 48340, MI: less expensive homes
- 48322, MI: higher priced homes
- 48301, MI: higher priced homes
Zip Codes with Similar Populations
- 01560, MA: higher priced homes
- 01985, MA: higher priced homes
- 02142, MA: higher priced homes
- 03748, NH: higher priced homes
- 03784, NH: higher priced homes
- 04462, ME: less expensive homes
- 59230, MT: less expensive homes
- 61910, IL: less expensive homes
- 61883, IL: less expensive homes
- 61880, IL: less expensive homes
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