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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 $154,966, lower than the Michigan average of $250,415.
The average cost of rent is $963/mo in 48741, primarily driven by the current value of real estate in the 48741 area. In 48741, 14.57% of households rent, and 51.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48741 is $5,093 per month. Households that rent pay about 18.92% of their income on rent here. 48741’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 48760, MI: higher priced homes
- 48727, MI: higher priced homes
- 48729, MI: higher priced homes
- 48453, MI: higher priced homes
- 48426, MI: equally priced homes
- 48744, MI: higher priced homes
- 48723, MI: less expensive homes
- 48472, MI: equally priced homes
- 48726, MI: less expensive 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: equally priced homes
- 47380, IN: less expensive homes
- 50458, IA: higher priced homes
- 54425, WI: higher priced homes
- 55329, MN: higher priced homes
- 56296, MN: less expensive homes
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