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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 $236,412, lower than the Michigan average of $250,415.
The average cost of rent is $922/mo in 48762, primarily driven by the current value of real estate in the 48762 area. In 48762, 3.28% of households rent, and 56.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48762 is $5,868 per month. Households that rent pay about 15.71% of their income on rent here. 48762’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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
- 49747, MI: less expensive homes
- 49766, MI: less expensive homes
- 48742, MI: less expensive homes
- 48721, MI: less expensive 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: higher 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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