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These days, finding an affordable place to live in the 48504 area can be challenging. Home prices in 48504 are now at a median cost of $57,706, lower than the Michigan average of $196,062.
The average cost of rent is $824/mo in 48504, primarily driven by the current value of real estate in the 48504 area. While nearly 53.54% of residents own their homes outright in 48504, 39.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48504 is $3,347 per month. Households that rent pay about 24.61% of their income on rent here. 48504's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48505, MI: less expensive homes
- 48532, MI: higher priced homes
- 48502, MI: higher priced homes
- 48503, MI: higher priced homes
- 48506, MI: higher priced homes
- 48507, MI: higher priced homes
- 48458, MI: higher priced homes
- 48554, MI: higher priced homes
- 48433, MI: higher priced homes
- 48529, MI: higher priced homes
Zip Codes with Similar Populations
- 07701, NJ: higher priced homes
- 73020, OK: higher priced homes
- 39350, MS: higher priced homes
- 37205, TN: higher priced homes
- 37138, TN: higher priced homes
- 33897, FL: higher priced homes
- 97078, OR: higher priced homes
- 27260, NC: higher priced homes
- 23237, VA: higher priced homes
- 23222, VA: higher priced homes
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