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These days, finding an affordable place to live in the 48367 area can be challenging. Home prices in 48367 are now at a median cost of $325,014, higher than the Michigan average of $196,062.
The average cost of rent is $957/mo in 48367, primarily driven by the current value of real estate in the 48367 area. While nearly 23.49% of residents own their homes outright in 48367, 14.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48367 is $8,506 per month. Households that rent pay about 11.26% of their income on rent here. 48367's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48370, MI: higher priced homes
- 48363, MI: higher priced homes
- 48065, MI: less expensive homes
- 48095, MI: higher priced homes
- 48362, MI: equally priced homes
- 48428, MI: less expensive homes
- 48371, MI: less expensive homes
- 48003, MI: less expensive homes
- 48306, MI: higher priced homes
- 48094, MI: equally priced homes
Zip Codes with Similar Populations
- 01373, MA: equally priced homes
- 98844, WA: less expensive homes
- 97106, OR: higher priced homes
- 96750, HI: higher priced homes
- 95228, CA: higher priced homes
- 93235, CA: less expensive homes
- 10921, NY: equally priced homes
- 08525, NJ: higher priced homes
- 07848, NJ: equally priced homes
- 06255, CT: less expensive homes
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