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These days, finding an affordable place to live in the 48363 area can be challenging. Home prices in 48363 are now at a median cost of $544,690, higher than the Michigan average of $250,415.
The average cost of rent is $1,347/mo in 48363, primarily driven by the current value of real estate in the 48363 area. In 48363, 3.73% of households rent, and 32.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48363 is $13,770 per month. Households that rent pay about 9.79% of their income on rent here. 48363’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 48306, MI: equally priced homes
- 48370, MI: less expensive homes
- 48362, MI: less expensive homes
- 48367, MI: less expensive homes
- 48360, MI: less expensive homes
- 48095, MI: less expensive homes
- 48359, MI: less expensive homes
- 48094, MI: less expensive homes
- 48371, MI: less expensive homes
- 48316, MI: less expensive homes
Zip Codes with Similar Populations
- 82834, WY: less expensive homes
- 26164, WV: less expensive homes
- 27018, NC: less expensive homes
- 28114, NC: less expensive homes
- 31554, GA: less expensive homes
- 32603, FL: less expensive homes
- 34242, FL: higher priced homes
- 37080, TN: less expensive homes
- 37146, TN: less expensive homes
- 37187, TN: less expensive homes
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