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These days, finding an affordable place to live in the 48732 area can be challenging. Home prices in 48732 are now at a median cost of $175,812, lower than the Michigan average of $250,415.
The average cost of rent is $810/mo in 48732, primarily driven by the current value of real estate in the 48732 area. In 48732, 28.05% of households rent, and 56.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48732 is $5,364 per month. Households that rent pay about 15.10% of their income on rent here. 48732’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern 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
- 48708, MI: less expensive homes
- 48706, MI: equally priced homes
- 48747, MI: less expensive homes
- 48631, MI: equally priced homes
- 48733, MI: less expensive homes
- 48611, MI: equally priced homes
- 48701, MI: less expensive homes
- 48634, MI: equally priced homes
- 48623, MI: higher priced homes
- 48767, MI: less expensive homes
Zip Codes with Similar Populations
- 33875, FL: higher priced homes
- 21911, MD: higher priced homes
- 22835, VA: higher priced homes
- 22960, VA: higher priced homes
- 24084, VA: higher priced homes
- 27573, NC: equally priced homes
- 28377, NC: less expensive homes
- 28470, NC: higher priced homes
- 29691, SC: higher priced homes
- 30417, GA: less expensive homes
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