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These days, finding an affordable place to live in the 48757 area can be challenging. Home prices in 48757 are now at a median cost of $184,661, lower than the Michigan average of $250,415.
The average cost of rent is $872/mo in 48757, primarily driven by the current value of real estate in the 48757 area. In 48757, 14.62% of households rent, and 47.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48757 is $6,739 per month. Households that rent pay about 12.94% of their income on rent here. 48757’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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
- 48747, MI: less expensive homes
- 48733, MI: less expensive homes
- 48734, MI: higher priced homes
- 48768, MI: less expensive homes
- 48722, MI: less expensive homes
- 48701, MI: less expensive homes
- 48601, MI: less expensive homes
- 48724, MI: less expensive homes
- 48607, MI: less expensive homes
- 48708, MI: less expensive homes
Zip Codes with Similar Populations
- 76431, TX: higher priced homes
- 08542, NJ: higher priced homes
- 44436, OH: less expensive homes
- 08750, NJ: higher priced homes
- 88435, NM: less expensive homes
- 46510, IN: equally priced homes
- 35966, AL: less expensive homes
- 47923, IN: equally priced homes
- 79311, TX: equally priced homes
- 78140, TX: less expensive homes
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