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These days, finding an affordable place to live in the 48647 area can be challenging. Home prices in 48647 are now at a median cost of $108,711, lower than the Michigan average of $196,062.
The average cost of rent is $729/mo in 48647, primarily driven by the current value of real estate in the 48647 area. While nearly 50.53% of residents own their homes outright in 48647, 15.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48647 is $3,893 per month. Households that rent pay about 18.72% of their income on rent here. 48647's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48636, MI: less expensive homes
- 48621, MI: higher priced homes
- 48728, MI: equally priced homes
- 48761, MI: less expensive homes
- 48737, MI: less expensive homes
- 48705, MI: equally priced homes
- 49738, MI: higher priced homes
- 48745, MI: equally priced homes
- 48742, MI: higher priced homes
- 48740, MI: higher priced homes
Zip Codes with Similar Populations
- 49633, MI: higher priced homes
- 03263, NH: higher priced homes
- 15059, PA: equally priced homes
- 17048, PA: equally priced homes
- 18426, PA: higher priced homes
- 54970, WI: equally priced homes
- 68632, NE: higher priced homes
- 46511, IN: higher priced homes
- 56514, MN: higher priced homes
- 57625, SD: less expensive homes
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