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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 $152,169, lower than the Michigan average of $196,062.
The average cost of rent is $696/mo in 48450, primarily driven by the current value of real estate in the 48450 area. While nearly 53.91% of residents own their homes outright in 48450, 20.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48450 is $4,264 per month. Households that rent pay about 16.32% of their income on rent here. 48450's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
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: less expensive 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: less expensive homes
- 10987, NY: higher priced homes
- 61752, IL: equally priced homes
- 47246, IN: less expensive homes
- 38585, TN: less expensive homes
- 31001, GA: less expensive homes
- 30139, GA: equally priced homes
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