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These days, finding an affordable place to live in the 48727 area can be challenging. Home prices in 48727 are now at a median cost of $125,129, lower than the Michigan average of $196,062.
The average cost of rent is $878/mo in 48727, primarily driven by the current value of real estate in the 48727 area. While nearly 46.00% of residents own their homes outright in 48727, 14.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48727 is $4,937 per month. Households that rent pay about 17.79% of their income on rent here. 48727's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48760, MI: equally priced homes
- 48453, MI: equally priced homes
- 48741, MI: equally priced homes
- 48461, MI: higher priced homes
- 48744, MI: equally priced homes
- 48435, MI: equally priced homes
- 48416, MI: higher priced homes
- 48729, MI: equally priced homes
- 48464, MI: higher priced homes
- 48723, MI: less expensive homes
Zip Codes with Similar Populations
- 76453, TX: higher priced homes
- 04460, ME: less expensive homes
- 05682, VT: higher priced homes
- 24350, VA: less expensive homes
- 12842, NY: higher priced homes
- 14869, NY: higher priced homes
- 62539, IL: equally priced homes
- 61421, IL: less expensive homes
- 62972, IL: higher priced homes
- 64097, MO: higher priced homes
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