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These days, finding an affordable place to live in the 48386 area can be challenging. Home prices in 48386 are now at a median cost of $303,460, higher than the Michigan average of $250,415.
The average cost of rent is $1,408/mo in 48386, primarily driven by the current value of real estate in the 48386 area. In 48386, 16.55% of households rent, and 37.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48386 is $7,966 per month. Households that rent pay about 17.68% of their income on rent here. 48386’s most expensive areas are in the eastern 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
- 48327, MI: less expensive homes
- 48382, MI: higher priced homes
- 48383, MI: equally priced homes
- 48324, MI: higher priced homes
- 48329, MI: equally priced homes
- 48328, MI: less expensive homes
- 48390, MI: equally priced homes
- 48356, MI: higher priced homes
- 48346, MI: equally priced homes
- 48323, MI: higher priced homes
Zip Codes with Similar Populations
- 78255, TX: higher priced homes
- 32141, FL: less expensive homes
- 33609, FL: higher priced homes
- 33777, FL: higher priced homes
- 44705, OH: less expensive homes
- 48240, MI: less expensive homes
- 62711, IL: equally priced homes
- 70807, LA: less expensive homes
- 78220, TX: less expensive homes
- 01550, MA: equally priced homes
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