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These days, finding an affordable place to live in the 48412 area can be challenging. Home prices in 48412 are now at a median cost of $204,381, higher than the Michigan average of $196,062.
The average cost of rent is $901/mo in 48412, primarily driven by the current value of real estate in the 48412 area. While nearly 38.40% of residents own their homes outright in 48412, 4.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48412 is $5,965 per month. Households that rent pay about 15.10% of their income on rent here. 48412's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 48444, MI: less expensive homes
- 48446, MI: less expensive homes
- 48428, MI: higher priced homes
- 48455, MI: higher priced homes
- 48003, MI: higher priced homes
- 48014, MI: less expensive homes
- 48421, MI: less expensive homes
- 48440, MI: higher priced homes
- 48002, MI: higher priced homes
- 48423, MI: less expensive homes
Zip Codes with Similar Populations
- 23924, VA: less expensive homes
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- 37885, TN: higher priced homes
- 37645, TN: less expensive homes
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- 28458, NC: less expensive homes
- 26150, WV: less expensive homes
- 24641, VA: less expensive homes
- 24361, VA: less expensive homes
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