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These days, finding an affordable place to live in the 48724 area can be challenging. Home prices in 48724 are now at a median cost of $30,582, lower than the Michigan average of $196,062.
The average cost of rent is $812/mo in 48724, primarily driven by the current value of real estate in the 48724 area. While nearly 73.15% of residents own their homes outright in 48724, 55.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48724 is $2,376 per month. Households that rent pay about 34.17% of their income on rent here. 48724's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48607, MI: higher priced homes
- 48604, MI: higher priced homes
- 48602, MI: higher priced homes
- 48601, MI: higher priced homes
- 48603, MI: higher priced homes
- 48638, MI: higher priced homes
- 48722, MI: higher priced homes
- 48609, MI: higher priced homes
- 48708, MI: higher priced homes
- 48747, MI: higher priced homes
Zip Codes with Similar Populations
- 65620, MO: higher priced homes
- 59411, MT: higher priced homes
- 59477, MT: higher priced homes
- 59480, MT: higher priced homes
- 61845, IL: higher priced homes
- 62373, IL: higher priced homes
- 62446, IL: higher priced homes
- 64120, MO: higher priced homes
- 64149, MO: higher priced homes
- 64476, MO: higher priced homes
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