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These days, finding an affordable place to live in the 48455 area can be challenging. Home prices in 48455 are now at a median cost of $266,418, higher than the Michigan average of $196,062.
The average cost of rent is $974/mo in 48455, primarily driven by the current value of real estate in the 48455 area. While nearly 38.42% of residents own their homes outright in 48455, 9.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48455 is $7,338 per month. Households that rent pay about 13.27% of their income on rent here. 48455's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48440, MI: equally priced homes
- 48446, MI: less expensive homes
- 48371, MI: equally priced homes
- 48428, MI: equally priced homes
- 48462, MI: equally priced homes
- 48438, MI: equally priced homes
- 48370, MI: higher priced homes
- 48412, MI: less expensive homes
- 48411, MI: less expensive homes
- 48367, MI: higher priced homes
Zip Codes with Similar Populations
- 85937, AZ: less expensive homes
- 08312, NJ: less expensive homes
- 08801, NJ: higher priced homes
- 13367, NY: less expensive homes
- 28340, NC: less expensive homes
- 28761, NC: less expensive homes
- 29554, SC: less expensive homes
- 76446, TX: less expensive homes
- 80421, CO: higher priced homes
- 02191, MA: higher priced homes
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