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These days, finding an affordable place to live in the 48381 area can be challenging. Home prices in 48381 are now at a median cost of $325,808, higher than the Michigan average of $196,062.
The average cost of rent is $1,114/mo in 48381, primarily driven by the current value of real estate in the 48381 area. While nearly 32.35% of residents own their homes outright in 48381, 18.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48381 is $7,847 per month. Households that rent pay about 14.20% of their income on rent here. 48381's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48380, MI: higher priced homes
- 48393, MI: less expensive homes
- 48382, MI: equally priced homes
- 48165, MI: equally priced homes
- 48357, MI: less expensive homes
- 48390, MI: less expensive homes
- 48383, MI: less expensive homes
- 48356, MI: less expensive homes
- 48377, MI: equally priced homes
- 48353, MI: less expensive homes
Zip Codes with Similar Populations
- 90716, CA: higher priced homes
- 30317, GA: higher priced homes
- 31905, GA: less expensive homes
- 32641, FL: less expensive homes
- 32903, FL: higher priced homes
- 33037, FL: higher priced homes
- 45690, OH: less expensive homes
- 49079, MI: less expensive homes
- 75223, TX: less expensive homes
- 77488, TX: less expensive homes
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