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These days, finding an affordable place to live in the 48708 area can be challenging. Home prices in 48708 are now at a median cost of $119,089, lower than the Michigan average of $250,415.
The average cost of rent is $814/mo in 48708, primarily driven by the current value of real estate in the 48708 area. In 48708, 31.47% of households rent, and 49.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48708 is $4,348 per month. Households that rent pay about 18.72% of their income on rent here. 48708’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 48706, MI: higher priced homes
- 48732, MI: higher priced homes
- 48747, MI: higher priced homes
- 48604, MI: higher priced homes
- 48724, MI: less expensive homes
- 48631, MI: higher priced homes
- 48607, MI: less expensive homes
- 48611, MI: higher priced homes
- 48603, MI: higher priced homes
- 48602, MI: less expensive homes
Zip Codes with Similar Populations
- 98119, WA: higher priced homes
- 48192, MI: higher priced homes
- 35124, AL: higher priced homes
- 34287, FL: higher priced homes
- 34104, FL: higher priced homes
- 23601, VA: higher priced homes
- 22203, VA: higher priced homes
- 20871, MD: higher priced homes
- 20832, MD: higher priced homes
- 21030, MD: higher priced homes
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