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These days, finding an affordable place to live in the 48615 area can be challenging. Home prices in 48615 are now at a median cost of $106,759, lower than the Michigan average of $196,062.
The average cost of rent is $753/mo in 48615, primarily driven by the current value of real estate in the 48615 area. While nearly 43.38% of residents own their homes outright in 48615, 17.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48615 is $5,151 per month. Households that rent pay about 14.63% of their income on rent here. 48615's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48662, MI: equally priced homes
- 48880, MI: equally priced homes
- 48637, MI: higher priced homes
- 48801, MI: equally priced homes
- 48626, MI: higher priced homes
- 48883, MI: higher priced homes
- 48832, MI: equally priced homes
- 48623, MI: higher priced homes
- 48877, MI: equally priced homes
- 48858, MI: higher priced homes
Zip Codes with Similar Populations
- 79226, TX: less expensive homes
- 15679, PA: higher priced homes
- 17244, PA: higher priced homes
- 21562, MD: equally priced homes
- 55354, MN: higher priced homes
- 04040, ME: higher priced homes
- 29487, SC: higher priced homes
- 29714, SC: higher priced homes
- 31637, GA: less expensive homes
- 76252, TX: higher priced homes
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