Affordable
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These days, finding an affordable place to live in the 48762 area can be challenging. Home prices in 48762 are now at a median cost of $160,166, lower than the Michigan average of $196,062.
The average cost of rent is $828/mo in 48762, primarily driven by the current value of real estate in the 48762 area. While nearly 56.89% of residents own their homes outright in 48762, 4.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48762 is $4,617 per month. Households that rent pay about 17.94% of their income on rent here. 48762's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 49747, MI: less expensive homes
- 49766, MI: less expensive homes
- 48742, MI: less expensive homes
- 48721, MI: equally priced homes
- 48728, MI: less expensive homes
- 48619, MI: less expensive homes
- 48621, MI: less expensive homes
- 49756, MI: less expensive homes
- 49751, MI: equally priced homes
- 49733, MI: less expensive homes
Zip Codes with Similar Populations
- 86438, AZ: equally priced homes
- 20611, MD: higher priced homes
- 22125, VA: higher priced homes
- 25878, WV: less expensive homes
- 78948, TX: higher priced homes
- 80728, CO: higher priced homes
- 84301, UT: higher priced homes
- 84714, UT: higher priced homes
- 84752, UT: higher priced homes
- 01026, MA: higher priced homes
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