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These days, finding an affordable place to live in the 48603 area can be challenging. Home prices in 48603 are now at a median cost of $160,963, lower than the Michigan average of $196,062.
The average cost of rent is $1,049/mo in 48603, primarily driven by the current value of real estate in the 48603 area. While nearly 40.29% of residents own their homes outright in 48603, 29.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48603 is $6,060 per month. Households that rent pay about 17.31% of their income on rent here. 48603's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48638, MI: less expensive homes
- 48602, MI: less expensive homes
- 48604, MI: less expensive homes
- 48724, MI: less expensive homes
- 48607, MI: less expensive homes
- 48609, MI: equally priced homes
- 48601, MI: less expensive homes
- 48623, MI: higher priced homes
- 48626, MI: equally priced homes
- 48722, MI: less expensive homes
Zip Codes with Similar Populations
- 06118, CT: equally priced homes
- 06776, CT: higher priced homes
- 10310, NY: higher priced homes
- 34219, FL: higher priced homes
- 23834, VA: higher priced homes
- 27597, NC: higher priced homes
- 45431, OH: equally priced homes
- 97140, OR: higher priced homes
- 46528, IN: higher priced homes
- 48116, MI: higher priced homes
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