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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 $112,190, lower than the Michigan average of $196,062.
The average cost of rent is $804/mo in 48738, primarily driven by the current value of real estate in the 48738 area. While nearly 46.69% of residents own their homes outright in 48738, 9.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48738 is $4,895 per month. Households that rent pay about 16.43% of their income on rent here. 48738's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48745, MI: less expensive homes
- 48740, MI: higher priced homes
- 48750, MI: less expensive homes
- 48705, MI: equally priced homes
- 48737, MI: less expensive homes
- 48761, MI: less expensive homes
- 48743, MI: higher priced homes
- 48654, MI: less expensive homes
- 48647, MI: equally priced homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 04664, ME: higher priced homes
- 74826, OK: equally priced homes
- 13864, NY: higher priced homes
- 56728, MN: equally priced homes
- 66835, KS: equally priced homes
- 66546, KS: higher priced homes
- 65680, MO: less expensive homes
- 64668, MO: less expensive homes
- 62463, IL: equally priced homes
- 61353, IL: higher priced homes
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