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These days, finding an affordable place to live in the 48706 area can be challenging. Home prices in 48706 are now at a median cost of $162,639, lower than the Michigan average of $250,415.
The average cost of rent is $985/mo in 48706, primarily driven by the current value of real estate in the 48706 area. In 48706, 22.10% of households rent, and 46.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48706 is $5,572 per month. Households that rent pay about 17.69% of their income on rent here. 48706’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48708, MI: less expensive homes
- 48732, MI: equally priced homes
- 48631, MI: higher priced homes
- 48611, MI: higher priced homes
- 48747, MI: equally priced homes
- 48634, MI: higher priced homes
- 48623, MI: higher priced homes
- 48642, MI: higher priced homes
- 48733, MI: less expensive homes
- 48640, MI: higher priced homes
Zip Codes with Similar Populations
- 07731, NJ: higher priced homes
- 27292, NC: higher priced homes
- 00674, PR: less expensive homes
- 33613, FL: higher priced homes
- 44109, OH: less expensive homes
- 44203, OH: equally priced homes
- 48430, MI: higher priced homes
- 70506, LA: higher priced homes
- 84067, UT: higher priced homes
- 85044, AZ: higher priced homes
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