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These days, finding an affordable place to live in the 48464 area can be challenging. Home prices in 48464 are now at a median cost of $137,757, lower than the Michigan average of $196,062.
The average cost of rent is $1,401/mo in 48464, primarily driven by the current value of real estate in the 48464 area. While nearly 44.15% of residents own their homes outright in 48464, 8.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48464 is $5,317 per month. Households that rent pay about 26.35% of their income on rent here. 48464's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48435, MI: less expensive homes
- 48421, MI: higher priced homes
- 48463, MI: higher priced homes
- 48746, MI: equally priced homes
- 48744, MI: less expensive homes
- 48461, MI: higher priced homes
- 48760, MI: less expensive homes
- 48437, MI: less expensive homes
- 48768, MI: less expensive homes
- 48727, MI: less expensive homes
Zip Codes with Similar Populations
- 12023, NY: higher priced homes
- 22967, VA: higher priced homes
- 71419, LA: less expensive homes
- 49446, MI: equally priced homes
- 02457, MA: higher priced homes
- 54470, WI: equally priced homes
- 56222, MN: equally priced homes
- 59323, MT: equally priced homes
- 59523, MT: higher priced homes
- 60034, IL: higher priced homes
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