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These days, finding an affordable place to live in the 48612 area can be challenging. Home prices in 48612 are now at a median cost of $160,493, lower than the Michigan average of $250,415.
The average cost of rent is $881/mo in 48612, primarily driven by the current value of real estate in the 48612 area. In 48612, 15.65% of households rent, and 52.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48612 is $4,835 per month. Households that rent pay about 18.23% of their income on rent here. 48612’s most expensive areas are in the southern 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
- 48620, MI: higher priced homes
- 48628, MI: higher priced homes
- 48618, MI: less expensive homes
- 48652, MI: equally priced homes
- 48617, MI: equally priced homes
- 48613, MI: equally priced homes
- 48878, MI: equally priced homes
- 48650, MI: less expensive homes
- 48634, MI: higher priced homes
- 48622, MI: equally priced homes
Zip Codes with Similar Populations
- 46278, IN: higher priced homes
- 78730, TX: higher priced homes
- 78002, TX: higher priced homes
- 77554, TX: higher priced homes
- 50595, IA: less expensive homes
- 49302, MI: higher priced homes
- 49038, MI: higher priced homes
- 48415, MI: higher priced homes
- 47441, IN: less expensive homes
- 01516, MA: higher priced homes
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