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These days, finding an affordable place to live in the 48377 area can be challenging. Home prices in 48377 are now at a median cost of $353,175, higher than the Michigan average of $196,062.
The average cost of rent is $1,795/mo in 48377, primarily driven by the current value of real estate in the 48377 area. While nearly 36.14% of residents own their homes outright in 48377, 45.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48377 is $6,861 per month. Households that rent pay about 26.17% of their income on rent here. 48377's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48390, MI: less expensive homes
- 48393, MI: less expensive homes
- 48331, MI: equally priced homes
- 48375, MI: less expensive homes
- 48374, MI: higher priced homes
- 48322, MI: equally priced homes
- 48335, MI: equally priced homes
- 48167, MI: equally priced homes
- 48382, MI: less expensive homes
- 48334, MI: less expensive homes
Zip Codes with Similar Populations
- 07506, NJ: higher priced homes
- 85310, AZ: higher priced homes
- 37321, TN: less expensive homes
- 35040, AL: less expensive homes
- 33140, FL: higher priced homes
- 33132, FL: higher priced homes
- 32163, FL: equally priced homes
- 26501, WV: less expensive homes
- 19046, PA: equally priced homes
- 13204, NY: less expensive homes
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