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These days, finding an affordable place to live in the 48650 area can be challenging. Home prices in 48650 are now at a median cost of $142,672, lower than the Michigan average of $250,415.
The average cost of rent is $786/mo in 48650, primarily driven by the current value of real estate in the 48650 area. In 48650, 12.78% of households rent, and 45.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48650 is $5,544 per month. Households that rent pay about 14.18% of their income on rent here. 48650’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 48634, MI: higher priced homes
- 48613, MI: higher priced homes
- 48658, MI: less expensive homes
- 48652, MI: higher priced homes
- 48628, MI: higher priced homes
- 48620, MI: higher priced homes
- 48612, MI: higher priced homes
- 48618, MI: equally priced homes
- 48759, MI: equally priced homes
- 48720, MI: equally priced homes
Zip Codes with Similar Populations
- 46167, IN: higher priced homes
- 80808, CO: higher priced homes
- 80723, CO: higher priced homes
- 78834, TX: less expensive homes
- 78234, TX: higher priced homes
- 78124, TX: higher priced homes
- 52233, IA: higher priced homes
- 51632, IA: equally priced homes
- 51334, IA: less expensive homes
- 50511, IA: higher priced homes
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