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These days, finding an affordable place to live in the 48445 area can be challenging. Home prices in 48445 are now at a median cost of $118,919, lower than the Michigan average of $196,062.
The average cost of rent is $651/mo in 48445, primarily driven by the current value of real estate in the 48445 area. While nearly 64.36% of residents own their homes outright in 48445, 12.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48445 is $4,070 per month. Households that rent pay about 15.99% of their income on rent here. 48445's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48432, MI: equally priced homes
- 48467, MI: equally priced homes
- 48413, MI: equally priced homes
- 48731, MI: less expensive homes
- 48725, MI: higher priced homes
- 48468, MI: equally priced homes
- 48755, MI: higher priced homes
- 48441, MI: higher priced homes
- 48720, MI: less expensive homes
- 48703, MI: equally priced homes
Zip Codes with Similar Populations
- 85637, AZ: higher priced homes
- 38559, TN: higher priced homes
- 38685, MS: higher priced homes
- 38923, MS: equally priced homes
- 39366, MS: less expensive homes
- 61329, IL: less expensive homes
- 40075, KY: higher priced homes
- 95323, CA: higher priced homes
- 41776, KY: less expensive homes
- 42410, KY: less expensive homes
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