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These days, finding an affordable place to live in the 48741 area can be challenging. Home prices in 48741 are now at a median cost of $114,167, lower than the Michigan average of $196,062.
The average cost of rent is $812/mo in 48741, primarily driven by the current value of real estate in the 48741 area. While nearly 47.30% of residents own their homes outright in 48741, 14.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48741 is $4,540 per month. Households that rent pay about 17.88% of their income on rent here. 48741's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48760, MI: equally priced homes
- 48727, MI: higher priced homes
- 48729, MI: equally priced homes
- 48453, MI: equally priced homes
- 48426, MI: higher priced homes
- 48744, MI: higher priced homes
- 48723, MI: less expensive homes
- 48472, MI: equally priced homes
- 48726, MI: equally priced homes
- 48410, MI: equally priced homes
Zip Codes with Similar Populations
- 17024, PA: higher priced homes
- 65279, MO: higher priced homes
- 44214, OH: higher priced homes
- 03810, NH: higher priced homes
- 45874, OH: less expensive homes
- 47380, IN: less expensive homes
- 50458, IA: equally priced homes
- 54425, WI: higher priced homes
- 55329, MN: higher priced homes
- 56296, MN: equally priced homes
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