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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 $241,142, lower than the Michigan average of $250,415.
The average cost of rent is $1,347/mo in 48412, primarily driven by the current value of real estate in the 48412 area. In 48412, 5.85% of households rent, and 44.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48412 is $6,155 per month. Households that rent pay about 21.89% of their income on rent here. 48412’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 48444, MI: equally priced 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: equally priced homes
Zip Codes with Similar Populations
- 23924, VA: less expensive homes
- 76272, TX: higher priced homes
- 76255, TX: less expensive homes
- 37885, TN: higher priced homes
- 37645, TN: less expensive homes
- 32145, FL: higher priced homes
- 28458, NC: less expensive homes
- 26150, WV: less expensive homes
- 24641, VA: less expensive homes
- 24361, VA: less expensive homes
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