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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 $117,567, lower than the Michigan average of $196,062.
The average cost of rent is $972/mo in 48509, primarily driven by the current value of real estate in the 48509 area. While nearly 39.21% of residents own their homes outright in 48509, 16.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48509 is $5,232 per month. Households that rent pay about 18.57% of their income on rent here. 48509's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48519, MI: less expensive 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: equally 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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