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These days, finding an affordable place to live in the 48745 area can be challenging. Home prices in 48745 are now at a median cost of $100,177, lower than the Michigan average of $196,062.
The average cost of rent is $822/mo in 48745, primarily driven by the current value of real estate in the 48745 area. While nearly 52.63% of residents own their homes outright in 48745, 9.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48745 is $3,867 per month. Households that rent pay about 21.25% of their income on rent here. 48745's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48738, MI: higher priced homes
- 48740, MI: higher priced homes
- 48750, MI: equally priced homes
- 48705, MI: higher priced homes
- 48737, MI: less expensive homes
- 48761, MI: less expensive homes
- 48743, MI: higher priced homes
- 48647, MI: equally priced homes
- 48654, MI: equally priced homes
- 48636, MI: less expensive homes
Zip Codes with Similar Populations
- 60935, IL: higher priced homes
- 68015, NE: higher priced homes
- 66023, KS: equally priced homes
- 65261, MO: less expensive homes
- 63469, MO: less expensive homes
- 62367, IL: equally priced homes
- 62244, IL: higher priced homes
- 62074, IL: higher priced homes
- 61526, IL: higher priced homes
- 61375, IL: higher priced homes
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