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These days, finding an affordable place to live in the 48631 area can be challenging. Home prices in 48631 are now at a median cost of $148,293, lower than the Michigan average of $196,062.
The average cost of rent is $730/mo in 48631, primarily driven by the current value of real estate in the 48631 area. While nearly 53.40% of residents own their homes outright in 48631, 16.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48631 is $5,500 per month. Households that rent pay about 13.27% of their income on rent here. 48631's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48634, MI: equally priced homes
- 48611, MI: equally priced homes
- 48706, MI: less expensive homes
- 48708, MI: less expensive homes
- 48732, MI: equally priced homes
- 48642, MI: higher priced homes
- 48623, MI: higher priced homes
- 48640, MI: higher priced homes
- 48747, MI: less expensive homes
- 48628, MI: equally priced homes
Zip Codes with Similar Populations
- 63361, MO: equally priced homes
- 30520, GA: less expensive homes
- 33922, FL: higher priced homes
- 67068, KS: less expensive homes
- 64856, MO: equally priced homes
- 64150, MO: higher priced homes
- 63343, MO: equally priced homes
- 60936, IL: equally priced homes
- 71654, AR: less expensive homes
- 32421, FL: less expensive homes
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