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These days, finding an affordable place to live in the 48653 area can be challenging. Home prices in 48653 are now at a median cost of $127,855, lower than the Michigan average of $196,062.
The average cost of rent is $691/mo in 48653, primarily driven by the current value of real estate in the 48653 area. While nearly 47.19% of residents own their homes outright in 48653, 11.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48653 is $5,058 per month. Households that rent pay about 13.66% of their income on rent here. 48653's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48627, MI: equally priced homes
- 48630, MI: less expensive homes
- 48629, MI: higher priced homes
- 48656, MI: less expensive homes
- 49667, MI: equally priced homes
- 48654, MI: less expensive homes
- 49651, MI: equally priced homes
- 49633, MI: equally priced homes
- 48635, MI: equally priced homes
- 49663, MI: equally priced homes
Zip Codes with Similar Populations
- 17844, PA: higher priced homes
- 80230, CO: higher priced homes
- 01949, MA: higher priced homes
- 27045, NC: higher priced homes
- 26452, WV: less expensive homes
- 23664, VA: higher priced homes
- 22812, VA: higher priced homes
- 81611, CO: higher priced homes
- 21795, MD: higher priced homes
- 19933, DE: higher priced homes
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