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These days, finding an affordable place to live in the 48457 area can be challenging. Home prices in 48457 are now at a median cost of $174,423, lower than the Michigan average of $250,415.
The average cost of rent is $894/mo in 48457, primarily driven by the current value of real estate in the 48457 area. In 48457, 15.92% of households rent, and 38.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48457 is $5,634 per month. Households that rent pay about 15.87% of their income on rent here. 48457’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 48417, MI: higher priced homes
- 48460, MI: higher priced homes
- 48415, MI: higher priced homes
- 48433, MI: higher priced homes
- 48420, MI: equally priced homes
- 48458, MI: less expensive homes
- 48616, MI: equally priced homes
- 48504, MI: less expensive homes
- 48505, MI: less expensive homes
- 48532, MI: less expensive homes
Zip Codes with Similar Populations
- 17547, PA: higher priced homes
- 12159, NY: higher priced homes
- 12198, NY: higher priced homes
- 97882, OR: higher priced homes
- 13365, NY: less expensive homes
- 97205, OR: higher priced homes
- 96712, HI: higher priced homes
- 95018, CA: higher priced homes
- 93625, CA: higher priced homes
- 90401, CA: higher priced homes
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