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These days, finding an affordable place to live in the 48505 area can be challenging. Home prices in 48505 are now at a median cost of $36,162, lower than the Michigan average of $250,415.
The average cost of rent is $843/mo in 48505, primarily driven by the current value of real estate in the 48505 area. In 48505, 51.05% of households rent, and 77.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48505 is $2,919 per month. Households that rent pay about 28.87% of their income on rent here. 48505’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 48504, MI: higher priced homes
- 48458, MI: higher priced homes
- 48506, MI: higher priced homes
- 48502, MI: higher priced homes
- 48503, MI: higher priced homes
- 48532, MI: higher priced homes
- 48437, MI: higher priced homes
- 48509, MI: higher priced homes
- 48507, MI: higher priced homes
- 48529, MI: higher priced homes
Zip Codes with Similar Populations
- 57703, SD: higher priced homes
- 32408, FL: higher priced homes
- 33565, FL: higher priced homes
- 33898, FL: higher priced homes
- 34292, FL: higher priced homes
- 35473, AL: higher priced homes
- 41075, KY: higher priced homes
- 44110, OH: higher priced homes
- 45504, OH: higher priced homes
- 48230, MI: higher priced homes
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