Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the 48340 area can be challenging. Home prices in 48340 are now at a median cost of $124,899, lower than the Michigan average of $250,415.
The average cost of rent is $1,167/mo in 48340, primarily driven by the current value of real estate in the 48340 area. In 48340, 55.05% of households rent, and 48.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48340 is $4,297 per month. Households that rent pay about 27.16% of their income on rent here. 48340’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 48342, MI: less expensive homes
- 48326, MI: higher priced homes
- 48341, MI: higher priced homes
- 48359, MI: higher priced homes
- 48328, MI: higher priced homes
- 48320, MI: higher priced homes
- 48329, MI: higher priced homes
- 48360, MI: higher priced homes
- 48309, MI: higher priced homes
- 48302, MI: higher priced homes
Zip Codes with Similar Populations
- 06514, CT: higher priced homes
- 47302, IN: less expensive homes
- 38138, TN: higher priced homes
- 32223, FL: higher priced homes
- 30071, GA: higher priced homes
- 28152, NC: higher priced homes
- 24551, VA: higher priced homes
- 19802, DE: higher priced homes
- 11795, NY: higher priced homes
- 10541, NY: higher priced homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood