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These days, finding an affordable place to live in the 48656 area can be challenging. Home prices in 48656 are now at a median cost of $97,543, lower than the Michigan average of $196,062.
The average cost of rent is $759/mo in 48656, primarily driven by the current value of real estate in the 48656 area. While nearly 59.91% of residents own their homes outright in 48656, 15.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48656 is $3,208 per month. Households that rent pay about 23.65% of their income on rent here. 48656's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48661, MI: higher priced homes
- 48651, MI: higher priced homes
- 48653, MI: higher priced homes
- 48629, MI: higher priced homes
- 48654, MI: equally priced homes
- 48630, MI: higher priced homes
- 48627, MI: higher priced homes
- 48635, MI: higher priced homes
- 48756, MI: less expensive homes
- 49667, MI: higher priced homes
Zip Codes with Similar Populations
- 03809, NH: higher priced homes
- 46787, IN: higher priced homes
- 40734, KY: equally priced homes
- 38260, TN: higher priced homes
- 37779, TN: higher priced homes
- 36866, AL: equally priced homes
- 35563, AL: equally priced homes
- 30185, GA: higher priced homes
- 24574, VA: higher priced homes
- 17960, PA: higher priced homes
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