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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 $188,302, lower than the Michigan average of $250,415.
The average cost of rent is $1,233/mo in 48464, primarily driven by the current value of real estate in the 48464 area. In 48464, 5.75% of households rent, and 48.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48464 is $6,466 per month. Households that rent pay about 19.06% of their income on rent here. 48464’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 48435, MI: less expensive homes
- 48421, MI: higher priced homes
- 48463, MI: equally priced homes
- 48746, MI: less expensive homes
- 48744, MI: equally priced homes
- 48461, MI: equally priced homes
- 48760, MI: equally priced homes
- 48437, MI: equally priced homes
- 48768, MI: less expensive homes
- 48727, MI: equally priced homes
Zip Codes with Similar Populations
- 12023, NY: higher priced homes
- 22967, VA: higher priced homes
- 71419, LA: less expensive homes
- 49446, MI: higher priced homes
- 02457, MA: higher priced homes
- 54470, WI: less expensive 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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