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These days, finding an affordable place to live in the 48662 area can be challenging. Home prices in 48662 are now at a median cost of $103,747, lower than the Michigan average of $196,062.
The average cost of rent is $772/mo in 48662, primarily driven by the current value of real estate in the 48662 area. While nearly 46.93% of residents own their homes outright in 48662, 7.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48662 is $4,963 per month. Households that rent pay about 15.56% of their income on rent here. 48662's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48615, MI: equally priced homes
- 48637, MI: higher priced homes
- 48880, MI: equally priced homes
- 48626, MI: higher priced homes
- 48801, MI: equally priced homes
- 48883, MI: higher priced homes
- 48623, MI: higher priced homes
- 48609, MI: higher priced homes
- 48832, MI: equally priced homes
- 48638, MI: higher priced homes
Zip Codes with Similar Populations
- 12166, NY: higher priced homes
- 68065, NE: higher priced homes
- 68640, NE: equally priced homes
- 62554, IL: higher priced homes
- 61818, IL: equally priced homes
- 56336, MN: higher priced homes
- 54870, WI: higher priced homes
- 54539, WI: higher priced homes
- 54489, WI: higher priced homes
- 54475, WI: higher priced homes
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