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These days, finding an affordable place to live in the 48360 area can be challenging. Home prices in 48360 are now at a median cost of $326,414, higher than the Michigan average of $196,062.
The average cost of rent is $1,718/mo in 48360, primarily driven by the current value of real estate in the 48360 area. While nearly 26.53% of residents own their homes outright in 48360, 15.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48360 is $9,970 per month. Households that rent pay about 17.24% of their income on rent here. 48360's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48359, MI: less expensive homes
- 48362, MI: equally priced homes
- 48340, MI: less expensive homes
- 48371, MI: less expensive homes
- 48363, MI: higher priced homes
- 48306, MI: higher priced homes
- 48326, MI: less expensive homes
- 48348, MI: higher priced homes
- 48346, MI: less expensive homes
- 48370, MI: higher priced homes
Zip Codes with Similar Populations
- 07853, NJ: higher priced homes
- 08048, NJ: equally priced homes
- 45434, OH: less expensive homes
- 78701, TX: higher priced homes
- 56701, MN: less expensive homes
- 53558, WI: equally priced homes
- 51301, IA: less expensive homes
- 50677, IA: less expensive homes
- 49337, MI: less expensive homes
- 45885, OH: less expensive homes
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