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These days, finding an affordable place to live in the 48463 area can be challenging. Home prices in 48463 are now at a median cost of $151,082, lower than the Michigan average of $196,062.
The average cost of rent is $737/mo in 48463, primarily driven by the current value of real estate in the 48463 area. While nearly 39.26% of residents own their homes outright in 48463, 9.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48463 is $5,438 per month. Households that rent pay about 13.55% of their income on rent here. 48463's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48464, MI: equally priced homes
- 48437, MI: less expensive homes
- 48421, MI: equally priced homes
- 48746, MI: equally priced homes
- 48423, MI: equally priced homes
- 48506, MI: less expensive homes
- 48458, MI: less expensive homes
- 48435, MI: less expensive homes
- 48509, MI: less expensive homes
- 48420, MI: less expensive homes
Zip Codes with Similar Populations
- 61025, IL: higher priced homes
- 54552, WI: less expensive homes
- 54771, WI: equally priced homes
- 55375, MN: higher priced homes
- 55964, MN: higher priced homes
- 56143, MN: less expensive homes
- 56288, MN: higher priced homes
- 56368, MN: higher priced homes
- 56474, MN: higher priced homes
- 56621, MN: equally priced homes
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