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These days, finding an affordable place to live in the 48620 area can be challenging. Home prices in 48620 are now at a median cost of $176,200, lower than the Michigan average of $250,415.
The average cost of rent is $1,086/mo in 48620, primarily driven by the current value of real estate in the 48620 area. In 48620, 2.97% of households rent, and 55.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48620 is $5,840 per month. Households that rent pay about 18.60% of their income on rent here. 48620’s most expensive areas are in the central 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
- 48628, MI: higher priced homes
- 48612, MI: equally priced homes
- 48657, MI: higher priced homes
- 48618, MI: less expensive homes
- 48652, MI: equally priced homes
- 48642, MI: higher priced homes
- 48640, MI: higher priced homes
- 48617, MI: less expensive homes
- 48634, MI: equally priced homes
- 48611, MI: equally priced homes
Zip Codes with Similar Populations
- 24316, VA: less expensive homes
- 91023, CA: higher priced homes
- 90079, CA: higher priced homes
- 88439, NM: higher priced homes
- 88268, NM: higher priced homes
- 88262, NM: higher priced homes
- 88009, NM: less expensive homes
- 87750, NM: equally priced homes
- 87730, NM: less expensive homes
- 24887, WV: less expensive homes
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