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These days, finding an affordable place to live in the 48747 area can be challenging. Home prices in 48747 are now at a median cost of $125,039, lower than the Michigan average of $196,062.
The average cost of rent is $751/mo in 48747, primarily driven by the current value of real estate in the 48747 area. While nearly 47.14% of residents own their homes outright in 48747, 8.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48747 is $5,368 per month. Households that rent pay about 14.00% of their income on rent here. 48747's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48732, MI: higher priced homes
- 48757, MI: higher priced homes
- 48708, MI: less expensive homes
- 48724, MI: less expensive homes
- 48733, MI: less expensive homes
- 48706, MI: equally priced homes
- 48604, MI: less expensive homes
- 48607, MI: less expensive homes
- 48601, MI: less expensive homes
- 48701, MI: less expensive homes
Zip Codes with Similar Populations
- 57764, SD: less expensive homes
- 70552, LA: higher priced homes
- 70531, LA: higher priced homes
- 67022, KS: less expensive homes
- 65624, MO: higher priced homes
- 61725, IL: higher priced homes
- 61565, IL: equally priced homes
- 60460, IL: higher priced homes
- 59001, MT: higher priced homes
- 70749, LA: higher priced homes
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