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These days, finding an affordable place to live in the 48701 area can be challenging. Home prices in 48701 are now at a median cost of $88,218, lower than the Michigan average of $196,062.
The average cost of rent is $896/mo in 48701, primarily driven by the current value of real estate in the 48701 area. While nearly 52.78% of residents own their homes outright in 48701, 15.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48701 is $4,339 per month. Households that rent pay about 20.64% of their income on rent here. 48701's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48733, MI: equally priced homes
- 48767, MI: higher priced homes
- 48723, MI: higher priced homes
- 48757, MI: higher priced homes
- 48747, MI: higher priced homes
- 48732, MI: higher priced homes
- 48735, MI: higher priced homes
- 48708, MI: equally priced homes
- 48726, MI: higher priced homes
- 48706, MI: higher priced homes
Zip Codes with Similar Populations
- 74824, OK: higher priced homes
- 17060, PA: higher priced homes
- 18831, PA: higher priced homes
- 59263, MT: higher priced homes
- 92155, CA: higher priced homes
- 62086, IL: equally priced homes
- 25969, WV: higher priced homes
- 29743, SC: higher priced homes
- 62661, IL: higher priced homes
- 45775, OH: less expensive homes
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