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These days, finding an affordable place to live in the 48418 area can be challenging. Home prices in 48418 are now at a median cost of $217,198, higher than the Michigan average of $196,062.
The average cost of rent is $1,191/mo in 48418, primarily driven by the current value of real estate in the 48418 area. While nearly 30.35% of residents own their homes outright in 48418, 3.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48418 is $6,983 per month. Households that rent pay about 17.06% of their income on rent here. 48418's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48816, MI: higher priced homes
- 48436, MI: less expensive homes
- 48429, MI: less expensive homes
- 48414, MI: less expensive homes
- 48451, MI: higher priced homes
- 48476, MI: less expensive homes
- 48857, MI: less expensive homes
- 48430, MI: higher priced homes
- 48473, MI: less expensive homes
- 48449, MI: less expensive homes
Zip Codes with Similar Populations
- 01984, MA: higher priced homes
- 02538, MA: higher priced homes
- 03254, NH: higher priced homes
- 03261, NH: higher priced homes
- 04239, ME: less expensive homes
- 04743, ME: less expensive homes
- 60112, IL: less expensive homes
- 61755, IL: less expensive homes
- 59752, MT: higher priced homes
- 59644, MT: higher priced homes
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