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These days, finding an affordable place to live in the 48450 area can be challenging. Home prices in 48450 are now at a median cost of $200,264, lower than the Michigan average of $250,415.
The average cost of rent is $799/mo in 48450, primarily driven by the current value of real estate in the 48450 area. In 48450, 13.69% of households rent, and 55.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48450 is $4,749 per month. Households that rent pay about 16.83% of their income on rent here. 48450’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 48422, MI: less expensive homes
- 48401, MI: less expensive homes
- 48032, MI: higher priced homes
- 48466, MI: less expensive homes
- 48454, MI: equally priced homes
- 48097, MI: equally priced homes
- 48416, MI: equally priced homes
- 48453, MI: less expensive homes
- 48727, MI: less expensive homes
- 48461, MI: equally priced homes
Zip Codes with Similar Populations
- 29429, SC: higher priced homes
- 95004, CA: higher priced homes
- 53934, WI: less expensive homes
- 38828, MS: equally priced homes
- 10987, NY: higher priced homes
- 61752, IL: equally priced homes
- 47246, IN: equally priced homes
- 38585, TN: less expensive homes
- 31001, GA: less expensive homes
- 30139, GA: higher priced homes
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