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These days, finding an affordable place to live in the 48422 area can be challenging. Home prices in 48422 are now at a median cost of $134,324, lower than the Michigan average of $196,062.
The average cost of rent is $767/mo in 48422, primarily driven by the current value of real estate in the 48422 area. While nearly 38.30% of residents own their homes outright in 48422, 17.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48422 is $4,383 per month. Households that rent pay about 17.50% of their income on rent here. 48422's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48450, MI: higher priced homes
- 48401, MI: equally priced homes
- 48466, MI: less expensive homes
- 48032, MI: higher priced homes
- 48454, MI: equally priced homes
- 48097, MI: equally priced homes
- 48416, MI: higher priced homes
- 48453, MI: less expensive homes
- 48727, MI: equally priced homes
- 48461, MI: higher priced homes
Zip Codes with Similar Populations
- 28431, NC: less expensive homes
- 33070, FL: higher priced homes
- 32202, FL: less expensive homes
- 31331, GA: higher priced homes
- 31055, GA: less expensive homes
- 30457, GA: less expensive homes
- 30173, GA: equally priced homes
- 29853, SC: equally priced homes
- 29634, SC: higher priced homes
- 28722, NC: higher priced homes
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