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These days, finding an affordable place to live in the 48632 area can be challenging. Home prices in 48632 are now at a median cost of $96,733, lower than the Michigan average of $196,062.
The average cost of rent is $651/mo in 48632, primarily driven by the current value of real estate in the 48632 area. While nearly 55.26% of residents own their homes outright in 48632, 8.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48632 is $3,397 per month. Households that rent pay about 19.15% of their income on rent here. 48632's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48622, MI: equally priced homes
- 48633, MI: less expensive homes
- 49679, MI: higher priced homes
- 49305, MI: equally priced homes
- 49631, MI: higher priced homes
- 48617, MI: higher priced homes
- 48878, MI: higher priced homes
- 49320, MI: higher priced homes
- 49639, MI: equally priced homes
- 48618, MI: equally priced homes
Zip Codes with Similar Populations
- 17053, PA: higher priced homes
- 92315, CA: higher priced homes
- 87416, NM: less expensive homes
- 87043, NM: higher priced homes
- 21758, MD: higher priced homes
- 21638, MD: higher priced homes
- 21111, MD: higher priced homes
- 19551, PA: higher priced homes
- 18414, PA: higher priced homes
- 93225, CA: higher priced homes
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