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These days, finding an affordable place to live in the 48703 area can be challenging. Home prices in 48703 are now at a median cost of $126,503, lower than the Michigan average of $196,062.
The average cost of rent is $497/mo in 48703, primarily driven by the current value of real estate in the 48703 area. While nearly 48.94% of residents own their homes outright in 48703, 12.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48703 is $4,136 per month. Households that rent pay about 12.01% of their income on rent here. 48703's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48765, MI: less expensive homes
- 48749, MI: less expensive homes
- 48766, MI: less expensive homes
- 48658, MI: less expensive homes
- 48659, MI: less expensive homes
- 48725, MI: higher priced homes
- 48610, MI: less expensive homes
- 48613, MI: higher priced homes
- 48467, MI: equally priced homes
- 48445, MI: equally priced homes
Zip Codes with Similar Populations
- 98947, WA: higher priced homes
- 48755, MI: higher priced homes
- 43943, OH: less expensive homes
- 37335, TN: higher priced homes
- 96755, HI: higher priced homes
- 98612, WA: higher priced homes
- 27356, NC: equally priced homes
- 23920, VA: equally priced homes
- 16617, PA: higher priced homes
- 14561, NY: higher priced homes
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