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These days, finding an affordable place to live in the 48451 area can be challenging. Home prices in 48451 are now at a median cost of $282,284, higher than the Michigan average of $250,415.
The average cost of rent is $1,378/mo in 48451, primarily driven by the current value of real estate in the 48451 area. In 48451, 6.59% of households rent, and 35.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48451 is $8,336 per month. Households that rent pay about 16.53% of their income on rent here. 48451’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 48430, MI: higher priced homes
- 48436, MI: equally priced homes
- 48418, MI: equally priced homes
- 48816, MI: higher priced homes
- 48473, MI: less expensive homes
- 48442, MI: equally priced homes
- 48554, MI: less expensive homes
- 48439, MI: equally priced homes
- 48429, MI: less expensive homes
- 48507, MI: less expensive homes
Zip Codes with Similar Populations
- 74401, OK: less expensive homes
- 41031, KY: less expensive homes
- 45233, OH: equally priced homes
- 46113, IN: less expensive homes
- 01106, MA: higher priced homes
- 48082, MI: less expensive homes
- 48130, MI: higher priced homes
- 48193, MI: less expensive homes
- 53532, WI: higher priced homes
- 54660, WI: less expensive homes
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