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These days, finding an affordable place to live in the 48806 area can be challenging. Home prices in 48806 are now at a median cost of $107,866, lower than the Michigan average of $196,062.
The average cost of rent is $789/mo in 48806, primarily driven by the current value of real estate in the 48806 area. While nearly 52.27% of residents own their homes outright in 48806, 15.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48806 is $4,948 per month. Households that rent pay about 15.94% of their income on rent here. 48806's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48874, MI: higher priced homes
- 48862, MI: higher priced homes
- 48807, MI: equally priced homes
- 48831, MI: higher priced homes
- 48847, MI: higher priced homes
- 48871, MI: higher priced homes
- 48853, MI: higher priced homes
- 48856, MI: equally priced homes
- 48614, MI: higher priced homes
- 48866, MI: higher priced homes
Zip Codes with Similar Populations
- 79322, TX: less expensive homes
- 27829, NC: less expensive homes
- 28685, NC: higher priced homes
- 29481, SC: less expensive homes
- 29525, SC: less expensive homes
- 36912, AL: less expensive homes
- 68642, NE: higher priced homes
- 71259, LA: equally priced homes
- 76443, TX: equally priced homes
- 78623, TX: higher priced homes
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