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These days, finding an affordable place to live in the 48618 area can be challenging. Home prices in 48618 are now at a median cost of $139,531, lower than the Michigan average of $250,415.
The average cost of rent is $941/mo in 48618, primarily driven by the current value of real estate in the 48618 area. In 48618, 17.01% of households rent, and 49.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48618 is $5,280 per month. Households that rent pay about 17.82% of their income on rent here. 48618’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 48657, MI: higher priced homes
- 48620, MI: higher priced homes
- 48612, MI: higher priced homes
- 48617, MI: higher priced homes
- 48878, MI: higher priced homes
- 48628, MI: higher priced homes
- 48640, MI: higher priced homes
- 48622, MI: higher priced homes
- 48642, MI: higher priced homes
- 48652, MI: higher priced homes
Zip Codes with Similar Populations
- 21791, MD: higher priced homes
- 85701, AZ: higher priced homes
- 85616, AZ: higher priced homes
- 81425, CO: higher priced homes
- 24586, VA: higher priced homes
- 24340, VA: higher priced homes
- 23310, VA: higher priced homes
- 22904, VA: higher priced homes
- 22842, VA: higher priced homes
- 22473, VA: higher priced homes
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