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These days, finding an affordable place to live in the 48456 area can be challenging. Home prices in 48456 are now at a median cost of $175,855, lower than the Michigan average of $250,415.
The average cost of rent is $686/mo in 48456, primarily driven by the current value of real estate in the 48456 area. In 48456, 13.65% of households rent, and 62.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48456 is $5,376 per month. Households that rent pay about 12.77% of their income on rent here. 48456’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 48470, MI: equally priced homes
- 48465, MI: higher priced homes
- 48434, MI: higher priced homes
- 48427, MI: less expensive homes
- 48475, MI: less expensive homes
- 48410, MI: less expensive homes
- 48472, MI: less expensive homes
- 48426, MI: less expensive homes
- 48726, MI: less expensive homes
- 48754, MI: less expensive homes
Zip Codes with Similar Populations
- 83431, ID: higher priced homes
- 23413, VA: higher priced homes
- 26169, WV: less expensive homes
- 26581, WV: less expensive homes
- 26852, WV: higher priced homes
- 26855, WV: equally priced homes
- 27843, NC: less expensive homes
- 27915, NC: higher priced homes
- 34739, FL: higher priced homes
- 46133, IN: equally priced homes
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