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These days, finding an affordable place to live in the 48461 area can be challenging. Home prices in 48461 are now at a median cost of $156,482, lower than the Michigan average of $196,062.
The average cost of rent is $721/mo in 48461, primarily driven by the current value of real estate in the 48461 area. While nearly 33.70% of residents own their homes outright in 48461, 14.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48461 is $5,532 per month. Households that rent pay about 13.03% of their income on rent here. 48461's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48435, MI: less expensive homes
- 48727, MI: less expensive homes
- 48421, MI: equally priced homes
- 48760, MI: less expensive homes
- 48464, MI: less expensive homes
- 48416, MI: equally priced homes
- 48744, MI: less expensive homes
- 48453, MI: less expensive homes
- 48463, MI: equally priced homes
- 48746, MI: less expensive homes
Zip Codes with Similar Populations
- 89429, NV: higher priced homes
- 14085, NY: higher priced homes
- 14209, NY: higher priced homes
- 15126, PA: higher priced homes
- 15417, PA: less expensive homes
- 18848, PA: equally priced homes
- 19945, DE: higher priced homes
- 94574, CA: higher priced homes
- 93434, CA: higher priced homes
- 92310, CA: higher priced homes
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