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Affordable
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These days, finding an affordable place to live in the 48638 area can be challenging. Home prices in 48638 are now at a median cost of $177,747, lower than the Michigan average of $250,415.
The average cost of rent is $1,014/mo in 48638, primarily driven by the current value of real estate in the 48638 area. In 48638, 38.68% of households rent, and 43.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48638 is $6,642 per month. Households that rent pay about 15.26% of their income on rent here. 48638’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 48602, MI: less expensive homes
- 48603, MI: higher priced homes
- 48609, MI: equally priced homes
- 48607, MI: less expensive homes
- 48724, MI: less expensive homes
- 48604, MI: less expensive homes
- 48601, MI: less expensive homes
- 48623, MI: higher priced homes
- 48722, MI: less expensive homes
- 48626, MI: higher priced homes
Zip Codes with Similar Populations
- 01003, MA: higher priced homes
- 25425, WV: higher priced homes
- 27958, NC: higher priced homes
- 28584, NC: higher priced homes
- 97210, OR: higher priced homes
- 93908, CA: higher priced homes
- 92313, CA: higher priced homes
- 84501, UT: higher priced homes
- 84029, UT: higher priced homes
- 43031, OH: higher priced homes
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