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These days, finding an affordable place to live in the 48502 area can be challenging. Home prices in 48502 are now at a median cost of $87,177, lower than the Michigan average of $196,062.
The average cost of rent is $591/mo in 48502, primarily driven by the current value of real estate in the 48502 area. While nearly 66.30% of residents own their homes outright in 48502, 61.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48502 is $1,859 per month. Households that rent pay about 31.79% of their income on rent here. 48502's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48503, MI: less expensive homes
- 48507, MI: equally priced homes
- 48529, MI: less expensive homes
- 48504, MI: less expensive homes
- 48505, MI: less expensive homes
- 48532, MI: higher priced homes
- 48506, MI: less expensive homes
- 48519, MI: higher priced homes
- 48509, MI: higher priced homes
- 48554, MI: higher priced homes
Zip Codes with Similar Populations
- 52590, IA: equally priced homes
- 67561, KS: equally priced homes
- 57066, SD: equally priced homes
- 56443, MN: higher priced homes
- 56437, MN: higher priced homes
- 56354, MN: higher priced homes
- 55945, MN: higher priced homes
- 55771, MN: higher priced homes
- 55310, MN: higher priced homes
- 54922, WI: higher priced homes
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