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These days, finding an affordable place to live in the 48738 area can be challenging. Home prices in 48738 are now at a median cost of $177,788, lower than the Michigan average of $250,415.
The average cost of rent is $1,095/mo in 48738, primarily driven by the current value of real estate in the 48738 area. In 48738, 10.91% of households rent, and 49.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48738 is $5,679 per month. Households that rent pay about 19.28% of their income on rent here. 48738’s most expensive areas are in the central 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
- 48745, MI: less expensive homes
- 48740, MI: equally priced homes
- 48750, MI: less expensive homes
- 48705, MI: less expensive homes
- 48737, MI: less expensive homes
- 48761, MI: less expensive homes
- 48743, MI: higher priced homes
- 48654, MI: less expensive homes
- 48647, MI: less expensive homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 04664, ME: higher priced homes
- 74826, OK: equally priced homes
- 13864, NY: equally priced homes
- 56728, MN: less expensive homes
- 66835, KS: less expensive homes
- 66546, KS: higher priced homes
- 65680, MO: equally priced homes
- 64668, MO: less expensive homes
- 62463, IL: less expensive homes
- 61353, IL: equally priced homes
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