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These days, finding an affordable place to live in the 48427 area can be challenging. Home prices in 48427 are now at a median cost of $136,171, lower than the Michigan average of $250,415.
The average cost of rent is $787/mo in 48427, primarily driven by the current value of real estate in the 48427 area. In 48427, 18.84% of households rent, and 52.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48427 is $4,674 per month. Households that rent pay about 16.83% of their income on rent here. 48427’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 48465, MI: higher priced homes
- 48419, MI: higher priced homes
- 48456, MI: higher priced homes
- 48471, MI: equally priced homes
- 48469, MI: higher priced homes
- 48434, MI: higher priced homes
- 48410, MI: higher priced homes
- 48472, MI: higher priced homes
- 48475, MI: higher priced homes
- 48426, MI: equally priced homes
Zip Codes with Similar Populations
- 13746, NY: higher priced homes
- 71411, LA: equally priced homes
- 54423, WI: higher priced homes
- 54473, WI: higher priced homes
- 54747, WI: higher priced homes
- 56547, MN: higher priced homes
- 56762, MN: higher priced homes
- 59313, MT: higher priced homes
- 61250, IL: higher priced homes
- 61842, IL: higher priced homes
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