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These days, finding an affordable place to live in the 48509 area can be challenging. Home prices in 48509 are now at a median cost of $149,677, lower than the Michigan average of $250,415.
The average cost of rent is $1,133/mo in 48509, primarily driven by the current value of real estate in the 48509 area. In 48509, 11.76% of households rent, and 48.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48509 is $5,582 per month. Households that rent pay about 20.30% of their income on rent here. 48509’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 48519, MI: equally priced homes
- 48506, MI: less expensive homes
- 48423, MI: higher priced homes
- 48502, MI: less expensive homes
- 48503, MI: less expensive homes
- 48529, MI: less expensive homes
- 48505, MI: less expensive homes
- 48507, MI: less expensive homes
- 48437, MI: higher priced homes
- 48504, MI: less expensive homes
Zip Codes with Similar Populations
- 01151, MA: higher priced homes
- 99026, WA: higher priced homes
- 98629, WA: higher priced homes
- 95946, CA: higher priced homes
- 95694, CA: higher priced homes
- 95064, CA: higher priced homes
- 95033, CA: higher priced homes
- 89451, NV: higher priced homes
- 84319, UT: higher priced homes
- 16866, PA: equally priced homes
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