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These days, finding an affordable place to live in the 48761 area can be challenging. Home prices in 48761 are now at a median cost of $87,880, lower than the Michigan average of $196,062.
The average cost of rent is $649/mo in 48761, primarily driven by the current value of real estate in the 48761 area. While nearly 63.44% of residents own their homes outright in 48761, 9.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48761 is $3,578 per month. Households that rent pay about 18.14% of their income on rent here. 48761's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48743, MI: higher priced homes
- 48737, MI: equally priced homes
- 48654, MI: higher priced homes
- 48647, MI: higher priced homes
- 48705, MI: higher priced homes
- 48636, MI: less expensive homes
- 48745, MI: higher priced homes
- 48750, MI: equally priced homes
- 48738, MI: higher priced homes
- 48740, MI: higher priced homes
Zip Codes with Similar Populations
- 05474, VT: higher priced homes
- 90742, CA: higher priced homes
- 15352, PA: higher priced homes
- 92368, CA: higher priced homes
- 14026, NY: higher priced homes
- 08511, NJ: higher priced homes
- 87521, NM: higher priced homes
- 05903, VT: higher priced homes
- 05872, VT: higher priced homes
- 05471, VT: higher priced homes
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