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These days, finding an affordable place to live in the 48362 area can be challenging. Home prices in 48362 are now at a median cost of $301,216, higher than the Michigan average of $196,062.
The average cost of rent is $1,233/mo in 48362, primarily driven by the current value of real estate in the 48362 area. While nearly 28.15% of residents own their homes outright in 48362, 13.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48362 is $8,478 per month. Households that rent pay about 14.55% of their income on rent here. 48362's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48360, MI: equally priced homes
- 48371, MI: less expensive homes
- 48370, MI: higher priced homes
- 48359, MI: equally priced homes
- 48363, MI: higher priced homes
- 48306, MI: higher priced homes
- 48367, MI: equally priced homes
- 48348, MI: higher priced homes
- 48340, MI: less expensive homes
- 48326, MI: less expensive homes
Zip Codes with Similar Populations
- 03064, NH: equally priced homes
- 94805, CA: higher priced homes
- 48059, MI: less expensive homes
- 76301, TX: less expensive homes
- 36054, AL: less expensive homes
- 36081, AL: less expensive homes
- 44044, OH: less expensive homes
- 45246, OH: less expensive homes
- 55107, MN: less expensive homes
- 56187, MN: less expensive homes
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