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These days, finding an affordable place to live in the 48642 area can be challenging. Home prices in 48642 are now at a median cost of $168,482, lower than the Michigan average of $196,062.
The average cost of rent is $1,042/mo in 48642, primarily driven by the current value of real estate in the 48642 area. While nearly 45.90% of residents own their homes outright in 48642, 21.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48642 is $5,862 per month. Households that rent pay about 17.77% of their income on rent here. 48642's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48640, MI: equally priced homes
- 48611, MI: less expensive homes
- 48657, MI: less expensive homes
- 48623, MI: equally priced homes
- 48631, MI: less expensive homes
- 48628, MI: less expensive homes
- 48634, MI: less expensive homes
- 48620, MI: less expensive homes
- 48706, MI: less expensive homes
- 48708, MI: less expensive homes
Zip Codes with Similar Populations
- 03102, NH: higher priced homes
- 20165, VA: higher priced homes
- 30315, GA: higher priced homes
- 55408, MN: higher priced homes
- 97211, OR: higher priced homes
- 56301, MN: higher priced homes
- 57702, SD: higher priced homes
- 60007, IL: higher priced homes
- 60302, IL: higher priced homes
- 75224, TX: equally priced homes
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