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These days, finding an affordable place to live in the 48435 area can be challenging. Home prices in 48435 are now at a median cost of $162,887, lower than the Michigan average of $250,415.
The average cost of rent is $1,207/mo in 48435, primarily driven by the current value of real estate in the 48435 area. In 48435, 8.46% of households rent, and 42.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48435 is $6,731 per month. Households that rent pay about 17.93% of their income on rent here. 48435’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 48464, MI: higher priced homes
- 48421, MI: higher priced homes
- 48744, MI: equally priced homes
- 48461, MI: higher priced homes
- 48760, MI: higher priced homes
- 48746, MI: equally priced homes
- 48463, MI: higher priced homes
- 48727, MI: equally priced homes
- 48768, MI: equally priced homes
- 48437, MI: equally priced homes
Zip Codes with Similar Populations
- 67543, KS: less expensive homes
- 35984, AL: less expensive homes
- 38240, TN: less expensive homes
- 38846, MS: less expensive homes
- 39346, MS: less expensive homes
- 47145, IN: less expensive homes
- 49753, MI: equally priced homes
- 51028, IA: higher priced homes
- 52623, IA: higher priced homes
- 53091, WI: higher priced homes
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