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These days, finding an affordable place to live in the 48401 area can be challenging. Home prices in 48401 are now at a median cost of $138,225, lower than the Michigan average of $196,062.
The average cost of rent is $949/mo in 48401, primarily driven by the current value of real estate in the 48401 area. While nearly 51.82% of residents own their homes outright in 48401, 15.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48401 is $4,224 per month. Households that rent pay about 22.46% of their income on rent here. 48401's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48419, MI: equally priced homes
- 48422, MI: equally priced homes
- 48469, MI: higher priced homes
- 48450, MI: higher priced homes
- 48466, MI: less expensive homes
- 48471, MI: less expensive homes
- 48416, MI: equally priced homes
- 48453, MI: less expensive homes
- 48727, MI: less expensive homes
- 48741, MI: less expensive homes
Zip Codes with Similar Populations
- 05751, VT: higher priced homes
- 06750, CT: higher priced homes
- 10546, NY: higher priced homes
- 49102, MI: equally priced homes
- 66537, KS: less expensive homes
- 65771, MO: higher priced homes
- 65257, MO: equally priced homes
- 64866, MO: less expensive homes
- 63648, MO: equally priced homes
- 62573, IL: less expensive homes
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