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These days, finding an affordable place to live in the 48604 area can be challenging. Home prices in 48604 are now at a median cost of $135,065, lower than the Michigan average of $250,415.
The average cost of rent is $956/mo in 48604, primarily driven by the current value of real estate in the 48604 area. In 48604, 35.38% of households rent, and 49.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48604 is $5,074 per month. Households that rent pay about 18.85% of their income on rent here. 48604’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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
- 48724, MI: less expensive homes
- 48603, MI: higher priced homes
- 48607, MI: less expensive homes
- 48602, MI: less expensive homes
- 48638, MI: higher priced homes
- 48601, MI: less expensive homes
- 48708, MI: less expensive homes
- 48609, MI: higher priced homes
- 48623, MI: higher priced homes
- 48747, MI: higher priced homes
Zip Codes with Similar Populations
- 77701, TX: less expensive homes
- 29365, SC: higher priced homes
- 29626, SC: higher priced homes
- 33981, FL: higher priced homes
- 35773, AL: higher priced homes
- 37916, TN: higher priced homes
- 42211, KY: higher priced homes
- 46761, IN: higher priced homes
- 48166, MI: higher priced homes
- 52101, IA: higher priced homes
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