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These days, finding an affordable place to live in the 48348 area can be challenging. Home prices in 48348 are now at a median cost of $357,181, higher than the Michigan average of $196,062.
The average cost of rent is $1,425/mo in 48348, primarily driven by the current value of real estate in the 48348 area. While nearly 30.04% of residents own their homes outright in 48348, 7.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48348 is $10,280 per month. Households that rent pay about 13.86% of their income on rent here. 48348's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 48346, MI: less expensive homes
- 48329, MI: less expensive homes
- 48462, MI: less expensive homes
- 48360, MI: equally priced homes
- 48359, MI: less expensive homes
- 48371, MI: less expensive homes
- 48350, MI: less expensive homes
- 48362, MI: less expensive homes
- 48340, MI: less expensive homes
- 48327, MI: less expensive homes
Zip Codes with Similar Populations
- 07040, NJ: higher priced homes
- 07430, NJ: higher priced homes
- 07860, NJ: less expensive homes
- 08060, NJ: less expensive homes
- 10038, NY: higher priced homes
- 19064, PA: equally priced homes
- 28328, NC: less expensive homes
- 30241, GA: less expensive homes
- 53210, WI: less expensive homes
- 06514, CT: less expensive homes
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