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These days, finding an affordable place to live in the 48740 area can be challenging. Home prices in 48740 are now at a median cost of $128,897, lower than the Michigan average of $196,062.
The average cost of rent is $677/mo in 48740, primarily driven by the current value of real estate in the 48740 area. While nearly 53.42% of residents own their homes outright in 48740, 13.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48740 is $3,946 per month. Households that rent pay about 17.15% of their income on rent here. 48740's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48742, MI: equally priced homes
- 48738, MI: less expensive homes
- 48745, MI: less expensive homes
- 48705, MI: less expensive homes
- 48737, MI: less expensive homes
- 48728, MI: less expensive homes
- 48761, MI: less expensive homes
- 48621, MI: equally priced homes
- 48647, MI: less expensive homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 56551, MN: higher priced homes
- 38080, TN: less expensive homes
- 38642, MS: less expensive homes
- 39096, MS: equally priced homes
- 39854, GA: less expensive homes
- 40078, KY: less expensive homes
- 40440, KY: less expensive homes
- 44611, OH: higher priced homes
- 03447, NH: higher priced homes
- 53576, WI: higher priced homes
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