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These days, finding an affordable place to live in the 48622 area can be challenging. Home prices in 48622 are now at a median cost of $103,249, lower than the Michigan average of $196,062.
The average cost of rent is $825/mo in 48622, primarily driven by the current value of real estate in the 48622 area. While nearly 45.90% of residents own their homes outright in 48622, 16.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48622 is $4,392 per month. Households that rent pay about 18.79% of their income on rent here. 48622's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48617, MI: higher priced homes
- 48632, MI: equally priced homes
- 48633, MI: less expensive homes
- 48878, MI: higher priced homes
- 49679, MI: higher priced homes
- 49305, MI: equally priced homes
- 48618, MI: equally priced homes
- 49631, MI: equally priced homes
- 49320, MI: higher priced homes
- 48612, MI: higher priced homes
Zip Codes with Similar Populations
- 27850, NC: higher priced homes
- 71409, LA: higher priced homes
- 65793, MO: equally priced homes
- 38562, TN: equally priced homes
- 37722, TN: higher priced homes
- 35747, AL: higher priced homes
- 32321, FL: equally priced homes
- 31811, GA: higher priced homes
- 29835, SC: higher priced homes
- 74959, OK: less expensive homes
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