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These days, finding an affordable place to live in the 48475 area can be challenging. Home prices in 48475 are now at a median cost of $153,115, lower than the Michigan average of $250,415.
The average cost of rent is $763/mo in 48475, primarily driven by the current value of real estate in the 48475 area. In 48475, 14.66% of households rent, and 61.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48475 is $5,408 per month. Households that rent pay about 14.10% of their income on rent here. 48475’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 48410, MI: equally priced homes
- 48456, MI: higher priced homes
- 48470, MI: higher priced homes
- 48726, MI: less expensive homes
- 48472, MI: equally priced homes
- 48426, MI: equally priced homes
- 48465, MI: higher priced homes
- 48754, MI: less expensive homes
- 48735, MI: less expensive homes
- 48427, MI: less expensive homes
Zip Codes with Similar Populations
- 54947, WI: higher priced homes
- 98340, WA: higher priced homes
- 95536, CA: higher priced homes
- 95524, CA: higher priced homes
- 95454, CA: higher priced homes
- 87537, NM: higher priced homes
- 79916, TX: higher priced homes
- 75490, TX: higher priced homes
- 74041, OK: higher priced homes
- 50144, IA: less expensive homes
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