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These days, finding an affordable place to live in the 48437 area can be challenging. Home prices in 48437 are now at a median cost of $121,442, lower than the Michigan average of $196,062.
The average cost of rent is $703/mo in 48437, primarily driven by the current value of real estate in the 48437 area. While nearly 33.89% of residents own their homes outright in 48437, 36.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48437 is $3,149 per month. Households that rent pay about 22.32% of their income on rent here. 48437's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48506, MI: less expensive homes
- 48458, MI: less expensive homes
- 48505, MI: less expensive homes
- 48463, MI: higher priced homes
- 48509, MI: equally priced homes
- 48420, MI: higher priced homes
- 48423, MI: higher priced homes
- 48504, MI: less expensive homes
- 48502, MI: less expensive homes
- 48503, MI: less expensive homes
Zip Codes with Similar Populations
- 12469, NY: higher priced homes
- 96728, HI: higher priced homes
- 18616, PA: higher priced homes
- 96747, HI: higher priced homes
- 18248, PA: equally priced homes
- 16829, PA: higher priced homes
- 16114, PA: higher priced homes
- 97390, OR: higher priced homes
- 13621, NY: higher priced homes
- 13454, NY: equally priced homes
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