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These days, finding an affordable place to live in the 48737 area can be challenging. Home prices in 48737 are now at a median cost of $89,988, lower than the Michigan average of $196,062.
The average cost of rent is $839/mo in 48737, primarily driven by the current value of real estate in the 48737 area. While nearly 55.98% of residents own their homes outright in 48737, 15.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48737 is $2,975 per month. Households that rent pay about 28.20% of their income on rent here. 48737's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48761, MI: equally priced homes
- 48705, MI: higher priced homes
- 48743, MI: higher priced homes
- 48745, MI: higher priced homes
- 48750, MI: equally priced homes
- 48738, MI: higher priced homes
- 48740, MI: higher priced homes
- 48654, MI: higher priced homes
- 48647, MI: higher priced homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 96039, CA: higher priced homes
- 99123, WA: higher priced homes
- 21657, MD: higher priced homes
- 21711, MD: higher priced homes
- 23405, VA: higher priced homes
- 23418, VA: higher priced homes
- 98447, WA: higher priced homes
- 23942, VA: higher priced homes
- 24147, VA: higher priced homes
- 97826, OR: higher priced homes
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