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These days, finding an affordable place to live in the 48705 area can be challenging. Home prices in 48705 are now at a median cost of $113,435, lower than the Michigan average of $196,062.
The average cost of rent is $844/mo in 48705, primarily driven by the current value of real estate in the 48705 area. While nearly 55.50% of residents own their homes outright in 48705, 8.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48705 is $4,067 per month. Households that rent pay about 20.74% of their income on rent here. 48705's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 48742, MI: higher priced homes
- 48737, MI: less expensive homes
- 48728, MI: equally priced homes
- 48745, MI: less expensive homes
- 48740, MI: higher priced homes
- 48738, MI: equally priced homes
- 48761, MI: less expensive homes
- 48621, MI: higher priced homes
- 48647, MI: equally priced homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 41838, KY: less expensive homes
- 80733, CO: higher priced homes
- 80729, CO: higher priced homes
- 80481, CO: higher priced homes
- 76875, TX: higher priced homes
- 75784, TX: higher priced homes
- 75550, TX: equally priced homes
- 47858, IN: less expensive homes
- 45354, OH: higher priced homes
- 43323, OH: higher priced homes
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