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These days, finding an affordable place to live in the 48462 area can be challenging. Home prices in 48462 are now at a median cost of $344,420, higher than the Michigan average of $250,415.
The average cost of rent is $1,059/mo in 48462, primarily driven by the current value of real estate in the 48462 area. In 48462, 5.56% of households rent, and 37.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48462 is $9,253 per month. Households that rent pay about 11.45% of their income on rent here. 48462’s most expensive areas are in the southeastern 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
- 48348, MI: higher priced homes
- 48438, MI: equally priced homes
- 48371, MI: equally priced homes
- 48440, MI: equally priced homes
- 48350, MI: equally priced homes
- 48411, MI: higher priced homes
- 48346, MI: equally priced homes
- 48455, MI: equally priced homes
- 48362, MI: equally priced homes
- 48442, MI: less expensive homes
Zip Codes with Similar Populations
- 08629, NJ: less expensive homes
- 15218, PA: less expensive homes
- 24592, VA: less expensive homes
- 76102, TX: equally priced homes
- 48173, MI: less expensive homes
- 48383, MI: less expensive homes
- 48638, MI: less expensive homes
- 50588, IA: less expensive homes
- 53074, WI: equally priced homes
- 61071, IL: less expensive homes
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