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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 $80,931, lower than the Michigan average of $250,415.
The average cost of rent is $1,096/mo in 48724, primarily driven by the current value of real estate in the 48724 area. In 48724, 59.58% of households rent, and 76.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48724 is $3,003 per month. Households that rent pay about 36.49% of their income on rent here. 48724’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 48607, MI: less expensive homes
- 48604, MI: higher priced homes
- 48602, MI: less expensive homes
- 48601, MI: less expensive 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: less expensive homes
- 64149, MO: higher priced homes
- 64476, MO: higher priced homes
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