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These days, finding an affordable place to live in the 48637 area can be challenging. Home prices in 48637 are now at a median cost of $120,667, lower than the Michigan average of $196,062.
The average cost of rent is $782/mo in 48637, primarily driven by the current value of real estate in the 48637 area. While nearly 44.69% of residents own their homes outright in 48637, 12.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48637 is $4,750 per month. Households that rent pay about 16.45% of their income on rent here. 48637's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48662, MI: less expensive homes
- 48626, MI: higher priced homes
- 48615, MI: less expensive homes
- 48609, MI: higher priced homes
- 48623, MI: higher priced homes
- 48880, MI: less expensive homes
- 48638, MI: equally priced homes
- 48603, MI: higher priced homes
- 48801, MI: less expensive homes
- 48602, MI: less expensive homes
Zip Codes with Similar Populations
- 04579, ME: higher priced homes
- 70542, LA: equally priced homes
- 76476, TX: higher priced homes
- 77861, TX: higher priced homes
- 83210, ID: equally priced homes
- 96145, CA: higher priced homes
- 42757, KY: less expensive homes
- 39330, MS: less expensive homes
- 38221, TN: less expensive homes
- 37052, TN: higher priced homes
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