
Expensive
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These days, finding an affordable place to live in the 48609 area can be challenging. Home prices in 48609 are now at a median cost of $150,016, lower than the Michigan average of $196,062.
The average cost of rent is $895/mo in 48609, primarily driven by the current value of real estate in the 48609 area. While nearly 46.28% of residents own their homes outright in 48609, 12.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48609 is $6,178 per month. Households that rent pay about 14.48% of their income on rent here. 48609's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48638, MI: less expensive homes
- 48603, MI: equally priced homes
- 48602, MI: less expensive homes
- 48626, MI: higher priced homes
- 48623, MI: higher priced homes
- 48607, MI: less expensive homes
- 48604, MI: less expensive homes
- 48724, MI: less expensive homes
- 48601, MI: less expensive homes
- 48722, MI: less expensive homes
Zip Codes with Similar Populations
- 47371, IN: less expensive homes
- 74023, OK: less expensive homes
- 64128, MO: less expensive homes
- 64113, MO: higher priced homes
- 63645, MO: equally priced homes
- 62946, IL: less expensive homes
- 60554, IL: higher priced homes
- 56031, MN: equally priced homes
- 47807, IN: less expensive homes
- 75167, TX: higher priced homes
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