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These days, finding an affordable place to live in the 48353 area can be challenging. Home prices in 48353 are now at a median cost of $312,660, higher than the Michigan average of $250,415.
The average cost of rent is $1,359/mo in 48353, primarily driven by the current value of real estate in the 48353 area. In 48353, 2.70% of households rent, and 35.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48353 is $8,589 per month. Households that rent pay about 15.82% of their income on rent here. 48353’s most expensive areas are in the northeastern 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
- 48357, MI: higher priced homes
- 48380, MI: higher priced homes
- 48114, MI: higher priced homes
- 48356, MI: equally priced homes
- 48381, MI: higher priced homes
- 48383, MI: equally priced homes
- 48430, MI: equally priced homes
- 48116, MI: higher priced homes
- 48855, MI: higher priced homes
- 48843, MI: higher priced homes
Zip Codes with Similar Populations
- 38075, TN: less expensive homes
- 66027, KS: less expensive homes
- 62254, IL: less expensive homes
- 62205, IL: less expensive homes
- 62088, IL: less expensive homes
- 56267, MN: less expensive homes
- 54801, WI: less expensive homes
- 53126, WI: higher priced homes
- 44050, OH: less expensive homes
- 43968, OH: less expensive homes
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