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These days, finding an affordable place to live in the 48602 area can be challenging. Home prices in 48602 are now at a median cost of $57,197, lower than the Michigan average of $196,062.
The average cost of rent is $815/mo in 48602, primarily driven by the current value of real estate in the 48602 area. While nearly 42.07% of residents own their homes outright in 48602, 41.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48602 is $3,505 per month. Households that rent pay about 23.24% of their income on rent here. 48602's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48638, MI: higher priced homes
- 48607, MI: less expensive homes
- 48603, MI: higher priced homes
- 48724, MI: less expensive homes
- 48601, MI: less expensive homes
- 48604, MI: higher priced homes
- 48609, MI: higher priced homes
- 48722, MI: higher priced homes
- 48623, MI: higher priced homes
- 48708, MI: higher priced homes
Zip Codes with Similar Populations
- 23236, VA: higher priced homes
- 76708, TX: higher priced homes
- 33127, FL: higher priced homes
- 29045, SC: higher priced homes
- 27607, NC: higher priced homes
- 24541, VA: higher priced homes
- 23139, VA: higher priced homes
- 21216, MD: higher priced homes
- 20601, MD: higher priced homes
- 17110, PA: higher priced homes
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