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Expensive
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These days, finding an affordable place to live in the 48415 area can be challenging. Home prices in 48415 are now at a median cost of $154,711, lower than the Michigan average of $196,062.
The average cost of rent is $889/mo in 48415, primarily driven by the current value of real estate in the 48415 area. While nearly 44.68% of residents own their homes outright in 48415, 15.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48415 is $6,281 per month. Households that rent pay about 14.15% of their income on rent here. 48415's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48734, MI: higher priced homes
- 48722, MI: less expensive homes
- 48417, MI: equally priced homes
- 48420, MI: less expensive homes
- 48457, MI: less expensive homes
- 48458, MI: less expensive homes
- 48746, MI: less expensive homes
- 48768, MI: less expensive homes
- 48460, MI: higher priced homes
- 48437, MI: less expensive homes
Zip Codes with Similar Populations
- 48750, MI: less expensive homes
- 76571, TX: higher priced homes
- 76567, TX: less expensive homes
- 75495, TX: higher priced homes
- 73075, OK: less expensive homes
- 72560, AR: less expensive homes
- 72405, AR: higher priced homes
- 67152, KS: less expensive homes
- 54720, WI: higher priced homes
- 53235, WI: higher priced homes
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