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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 $189,167, lower than the Michigan average of $250,415.
The average cost of rent is $894/mo in 48631, primarily driven by the current value of real estate in the 48631 area. In 48631, 14.77% of households rent, and 48.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48631 is $6,697 per month. Households that rent pay about 13.36% of their income on rent here. 48631’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
- 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: less expensive homes
- 60936, IL: less expensive homes
- 71654, AR: less expensive homes
- 32421, FL: less expensive homes
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