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These days, finding an affordable place to live in the 48655 area can be challenging. Home prices in 48655 are now at a median cost of $128,755, lower than the Michigan average of $196,062.
The average cost of rent is $719/mo in 48655, primarily driven by the current value of real estate in the 48655 area. While nearly 42.30% of residents own their homes outright in 48655, 16.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48655 is $5,262 per month. Households that rent pay about 13.65% of their income on rent here. 48655's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48614, MI: equally priced homes
- 48616, MI: equally priced homes
- 48649, MI: equally priced homes
- 48417, MI: higher priced homes
- 48841, MI: higher priced homes
- 48460, MI: higher priced homes
- 48807, MI: less expensive homes
- 48457, MI: equally priced homes
- 48722, MI: less expensive homes
- 48415, MI: higher priced homes
Zip Codes with Similar Populations
- 26753, WV: higher priced homes
- 75709, TX: higher priced homes
- 75141, TX: less expensive homes
- 74859, OK: less expensive homes
- 37742, TN: higher priced homes
- 30735, GA: equally priced homes
- 29805, SC: higher priced homes
- 29709, SC: less expensive homes
- 28609, NC: higher priced homes
- 28386, NC: less expensive homes
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