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These days, finding an affordable place to live in the 48611 area can be challenging. Home prices in 48611 are now at a median cost of $140,488, lower than the Michigan average of $196,062.
The average cost of rent is $923/mo in 48611, primarily driven by the current value of real estate in the 48611 area. While nearly 44.96% of residents own their homes outright in 48611, 20.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48611 is $5,317 per month. Households that rent pay about 17.36% of their income on rent here. 48611's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48631, MI: equally priced homes
- 48642, MI: higher priced homes
- 48623, MI: higher priced homes
- 48706, MI: less expensive homes
- 48634, MI: equally priced homes
- 48640, MI: higher priced homes
- 48708, MI: less expensive homes
- 48732, MI: equally priced homes
- 48657, MI: equally priced homes
- 48747, MI: less expensive homes
Zip Codes with Similar Populations
- 32948, FL: higher priced homes
- 73077, OK: higher priced homes
- 70668, LA: less expensive homes
- 42220, KY: equally priced homes
- 39576, MS: higher priced homes
- 35905, AL: higher priced homes
- 35218, AL: less expensive homes
- 33834, FL: less expensive homes
- 33031, FL: higher priced homes
- 74331, OK: higher priced homes
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