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These days, finding an affordable place to live in the 48720 area can be challenging. Home prices in 48720 are now at a median cost of $100,053, lower than the Michigan average of $196,062.
The average cost of rent is $689/mo in 48720, primarily driven by the current value of real estate in the 48720 area. While nearly 55.80% of residents own their homes outright in 48720, 18.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48720 is $4,648 per month. Households that rent pay about 14.83% of their income on rent here. 48720's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48755, MI: higher priced homes
- 48759, MI: equally priced homes
- 48731, MI: equally priced homes
- 48725, MI: higher priced homes
- 48754, MI: higher priced homes
- 48413, MI: higher priced homes
- 48432, MI: higher priced homes
- 48445, MI: higher priced homes
- 48468, MI: higher priced homes
- 48658, MI: equally priced homes
Zip Codes with Similar Populations
- 85336, AZ: higher priced homes
- 19474, PA: higher priced homes
- 97820, OR: higher priced homes
- 97453, OR: higher priced homes
- 47833, IN: higher priced homes
- 96142, CA: higher priced homes
- 47847, IN: less expensive homes
- 95830, CA: higher priced homes
- 87575, NM: higher priced homes
- 71652, AR: less expensive homes
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