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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 $57,225, lower than the Michigan average of $250,415.
The average cost of rent is $980/mo in 48607, primarily driven by the current value of real estate in the 48607 area. In 48607, 52.53% of households rent, and 73.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48607 is $3,562 per month. Households that rent pay about 27.51% of their income on rent here. 48607’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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: higher priced 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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