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These days, finding an affordable place to live in the 48417 area can be challenging. Home prices in 48417 are now at a median cost of $148,128, lower than the Michigan average of $196,062.
The average cost of rent is $927/mo in 48417, primarily driven by the current value of real estate in the 48417 area. While nearly 57.79% of residents own their homes outright in 48417, 9.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48417 is $4,960 per month. Households that rent pay about 18.70% of their income on rent here. 48417's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48457, MI: less expensive homes
- 48415, MI: equally priced homes
- 48722, MI: less expensive homes
- 48460, MI: higher priced homes
- 48616, MI: less expensive homes
- 48734, MI: higher priced homes
- 48420, MI: equally priced homes
- 48655, MI: less expensive homes
- 48649, MI: less expensive homes
- 48458, MI: less expensive homes
Zip Codes with Similar Populations
- 36852, AL: less expensive homes
- 28669, NC: less expensive homes
- 61011, IL: higher priced homes
- 46747, IN: higher priced homes
- 47359, IN: less expensive homes
- 48891, MI: less expensive homes
- 49945, MI: less expensive homes
- 50643, IA: higher priced homes
- 52356, IA: higher priced homes
- 53049, WI: higher priced homes
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