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These days, finding an affordable place to live in the 48440 area can be challenging. Home prices in 48440 are now at a median cost of $249,800, higher than the Michigan average of $196,062.
The average cost of rent is $1,049/mo in 48440, primarily driven by the current value of real estate in the 48440 area. While nearly 51.17% of residents own their homes outright in 48440, 4.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48440 is $6,860 per month. Households that rent pay about 15.29% of their income on rent here. 48440's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 48438, MI: higher priced homes
- 48455, MI: equally priced homes
- 48411, MI: equally priced homes
- 48462, MI: equally priced homes
- 48423, MI: less expensive homes
- 48446, MI: less expensive homes
- 48519, MI: less expensive homes
- 48371, MI: equally priced homes
- 48509, MI: less expensive homes
- 48439, MI: less expensive homes
Zip Codes with Similar Populations
- 73041, OK: less expensive homes
- 58015, ND: less expensive homes
- 58063, ND: less expensive homes
- 58476, ND: less expensive homes
- 58481, ND: less expensive homes
- 58483, ND: less expensive homes
- 58727, ND: less expensive homes
- 72026, AR: less expensive homes
- 72470, AR: less expensive homes
- 72682, AR: less expensive homes
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