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These days, finding an affordable place to live in the 48607 area can be challenging. Home prices in 48607 are now at a median cost of $34,460, lower than the Michigan average of $196,062.
The average cost of rent is $698/mo in 48607, primarily driven by the current value of real estate in the 48607 area. While nearly 65.36% of residents own their homes outright in 48607, 53.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48607 is $3,530 per month. Households that rent pay about 19.76% of their income on rent here. 48607's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48724, MI: less expensive homes
- 48601, MI: higher priced homes
- 48602, MI: higher priced homes
- 48604, MI: higher priced homes
- 48638, MI: higher priced homes
- 48603, MI: higher priced homes
- 48722, MI: higher priced homes
- 48609, MI: higher priced homes
- 48747, MI: higher priced homes
- 48708, MI: higher priced homes
Zip Codes with Similar Populations
- 98923, WA: higher priced homes
- 17052, PA: higher priced homes
- 16563, PA: higher priced homes
- 47840, IN: higher priced homes
- 58746, ND: higher priced homes
- 57018, SD: higher priced homes
- 54531, WI: higher priced homes
- 52801, IA: higher priced homes
- 52032, IA: higher priced homes
- 51458, IA: higher priced homes
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