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These days, finding an affordable place to live in the 48623 area can be challenging. Home prices in 48623 are now at a median cost of $181,438, lower than the Michigan average of $196,062.
The average cost of rent is $941/mo in 48623, primarily driven by the current value of real estate in the 48623 area. While nearly 39.19% of residents own their homes outright in 48623, 15.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48623 is $6,518 per month. Households that rent pay about 14.44% of their income on rent here. 48623's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48603, MI: less expensive homes
- 48611, MI: less expensive homes
- 48609, MI: less expensive homes
- 48626, MI: less expensive homes
- 48638, MI: less expensive homes
- 48604, MI: less expensive homes
- 48602, MI: less expensive homes
- 48642, MI: equally priced homes
- 48640, MI: less expensive homes
- 48724, MI: less expensive homes
Zip Codes with Similar Populations
- 15243, PA: higher priced homes
- 78121, TX: higher priced homes
- 40204, KY: higher priced homes
- 49348, MI: higher priced homes
- 50311, IA: equally priced homes
- 53129, WI: higher priced homes
- 55077, MN: higher priced homes
- 55387, MN: higher priced homes
- 59840, MT: higher priced homes
- 60429, IL: less expensive homes
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