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These days, finding an affordable place to live in the 48743 area can be challenging. Home prices in 48743 are now at a median cost of $215,100, lower than the Michigan average of $250,415.
The average cost of rent is $719/mo in 48743, primarily driven by the current value of real estate in the 48743 area. In 48743, 1.54% of households rent, and 61.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48743 is $5,677 per month. Households that rent pay about 12.66% of their income on rent here. 48743’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 48761, MI: less expensive homes
- 48739, MI: less expensive homes
- 48635, MI: less expensive homes
- 48737, MI: less expensive homes
- 48654, MI: less expensive homes
- 48748, MI: less expensive homes
- 48730, MI: less expensive homes
- 48745, MI: less expensive homes
- 48750, MI: less expensive homes
- 48738, MI: less expensive homes
Zip Codes with Similar Populations
- 79240, TX: less expensive homes
- 62256, IL: higher priced homes
- 62519, IL: less expensive homes
- 62879, IL: less expensive homes
- 63387, MO: less expensive homes
- 63744, MO: less expensive homes
- 63774, MO: less expensive homes
- 65675, MO: higher priced homes
- 67055, KS: higher priced homes
- 77561, TX: less expensive homes
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