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These days, finding an affordable place to live in the 48731 area can be challenging. Home prices in 48731 are now at a median cost of $92,432, lower than the Michigan average of $196,062.
The average cost of rent is $783/mo in 48731, primarily driven by the current value of real estate in the 48731 area. While nearly 50.91% of residents own their homes outright in 48731, 26.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48731 is $4,140 per month. Households that rent pay about 18.92% of their income on rent here. 48731's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48755, MI: higher priced homes
- 48754, MI: higher priced homes
- 48413, MI: higher priced homes
- 48720, MI: equally priced homes
- 48725, MI: higher priced homes
- 48432, MI: higher priced homes
- 48445, MI: higher priced homes
- 48759, MI: equally priced homes
- 48470, MI: higher priced homes
- 48468, MI: higher priced homes
Zip Codes with Similar Populations
- 88029, NM: equally priced homes
- 24918, WV: higher priced homes
- 25202, WV: higher priced homes
- 25635, WV: higher priced homes
- 25844, WV: less expensive homes
- 28644, NC: higher priced homes
- 71858, AR: less expensive homes
- 76636, TX: higher priced homes
- 80737, CO: higher priced homes
- 81151, CO: higher priced homes
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