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These days, finding an affordable place to live in the 48721 area can be challenging. Home prices in 48721 are now at a median cost of $150,500, lower than the Michigan average of $196,062.
The average cost of rent is $843/mo in 48721, primarily driven by the current value of real estate in the 48721 area. While nearly 50.12% of residents own their homes outright in 48721, 9.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48721 is $4,250 per month. Households that rent pay about 19.84% of their income on rent here. 48721's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48742, MI: less expensive homes
- 48762, MI: equally priced homes
- 49766, MI: less expensive homes
- 49747, MI: equally priced homes
- 48728, MI: less expensive homes
- 48619, MI: less expensive homes
- 48621, MI: less expensive homes
- 49756, MI: less expensive homes
- 49751, MI: equally priced homes
- 49733, MI: less expensive homes
Zip Codes with Similar Populations
- 55787, MN: higher priced homes
- 51562, IA: less expensive homes
- 97839, OR: higher priced homes
- 52595, IA: less expensive homes
- 52646, IA: less expensive homes
- 95728, CA: higher priced homes
- 95585, CA: higher priced homes
- 55090, MN: higher priced homes
- 55756, MN: higher priced homes
- 95526, CA: higher priced homes
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