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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 $267,736, higher than the Michigan average of $250,415.
The average cost of rent is $1,430/mo in 48418, primarily driven by the current value of real estate in the 48418 area. In 48418, 5.71% of households rent, and 36.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48418 is $8,080 per month. Households that rent pay about 17.70% of their income on rent here. 48418’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 48816, MI: higher priced homes
- 48436, MI: equally priced homes
- 48429, MI: less expensive homes
- 48414, MI: less expensive homes
- 48451, MI: equally 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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