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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 $88,079, lower than the Michigan average of $196,062.
The average cost of rent is $769/mo in 48708, primarily driven by the current value of real estate in the 48708 area. While nearly 49.62% of residents own their homes outright in 48708, 31.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48708 is $3,818 per month. Households that rent pay about 20.14% of their income on rent here. 48708's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
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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