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These days, finding an affordable place to live in the 48331 area can be challenging. Home prices in 48331 are now at a median cost of $397,841, higher than the Michigan average of $250,415.
The average cost of rent is $1,900/mo in 48331, primarily driven by the current value of real estate in the 48331 area. In 48331, 18.59% of households rent, and 36.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48331 is $11,676 per month. Households that rent pay about 16.27% of their income on rent here. 48331’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 48322, MI: equally priced homes
- 48334, MI: less expensive homes
- 48335, MI: equally priced homes
- 48377, MI: less expensive homes
- 48375, MI: equally priced homes
- 48323, MI: higher priced homes
- 48390, MI: less expensive homes
- 48336, MI: less expensive homes
- 48034, MI: less expensive homes
- 48324, MI: higher priced homes
Zip Codes with Similar Populations
- 01440, MA: less expensive homes
- 98422, WA: higher priced homes
- 92106, CA: higher priced homes
- 29403, SC: higher priced homes
- 27101, NC: less expensive homes
- 19014, PA: less expensive homes
- 15239, PA: less expensive homes
- 12144, NY: less expensive homes
- 14072, NY: less expensive homes
- 11768, NY: higher priced homes
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