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These days, finding an affordable place to live in the 48742 area can be challenging. Home prices in 48742 are now at a median cost of $126,262, lower than the Michigan average of $196,062.
The average cost of rent is $751/mo in 48742, primarily driven by the current value of real estate in the 48742 area. While nearly 51.12% of residents own their homes outright in 48742, 13.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48742 is $3,811 per month. Households that rent pay about 19.70% of their income on rent here. 48742's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48740, MI: equally priced homes
- 48721, MI: higher priced homes
- 48762, MI: higher priced homes
- 48705, MI: less expensive homes
- 49747, MI: higher priced homes
- 48728, MI: less expensive homes
- 48621, MI: equally priced homes
- 48619, MI: equally priced homes
- 48647, MI: less expensive homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 55084, MN: higher priced homes
- 66056, KS: equally priced homes
- 63384, MO: equally priced homes
- 63013, MO: higher priced homes
- 62899, IL: equally priced homes
- 62513, IL: less expensive homes
- 56676, MN: higher priced homes
- 56244, MN: higher priced homes
- 56243, MN: higher priced homes
- 67108, KS: higher priced homes
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