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These days, finding an affordable place to live in the 48723 area can be challenging. Home prices in 48723 are now at a median cost of $133,094, lower than the Michigan average of $250,415.
The average cost of rent is $860/mo in 48723, primarily driven by the current value of real estate in the 48723 area. In 48723, 19.56% of households rent, and 53.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48723 is $4,568 per month. Households that rent pay about 18.82% of their income on rent here. 48723’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 48744, MI: higher priced homes
- 48733, MI: equally priced homes
- 48701, MI: less expensive homes
- 48729, MI: higher priced homes
- 48741, MI: higher priced homes
- 48768, MI: higher priced homes
- 48760, MI: higher priced homes
- 48726, MI: equally priced homes
- 48757, MI: higher priced homes
- 48727, MI: higher priced homes
Zip Codes with Similar Populations
- 49858, MI: equally priced homes
- 67357, KS: less expensive homes
- 65605, MO: higher priced homes
- 64601, MO: higher priced homes
- 63390, MO: higher priced homes
- 62450, IL: equally priced homes
- 60950, IL: higher priced homes
- 60548, IL: higher priced homes
- 52632, IA: equally priced homes
- 50327, IA: higher priced homes
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