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These days, finding an affordable place to live in the 48755 area can be challenging. Home prices in 48755 are now at a median cost of $194,359, lower than the Michigan average of $250,415.
The average cost of rent is $745/mo in 48755, primarily driven by the current value of real estate in the 48755 area. In 48755, 17.46% of households rent, and 60.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48755 is $5,663 per month. Households that rent pay about 13.16% of their income on rent here. 48755’s most expensive areas are in the northwestern 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
- 48720, MI: less expensive homes
- 48731, MI: less expensive homes
- 48725, MI: equally priced homes
- 48754, MI: less expensive homes
- 48759, MI: less expensive homes
- 48413, MI: less expensive homes
- 48432, MI: less expensive homes
- 48445, MI: less expensive homes
- 48468, MI: less expensive homes
- 48470, MI: equally priced homes
Zip Codes with Similar Populations
- 07460, NJ: higher priced homes
- 64098, MO: higher priced homes
- 43046, OH: higher priced homes
- 80734, CO: higher priced homes
- 32094, FL: equally priced homes
- 30538, GA: less expensive homes
- 13471, NY: less expensive homes
- 13411, NY: less expensive homes
- 12919, NY: equally priced homes
- 12846, NY: higher priced homes
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