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These days, finding an affordable place to live in the 48807 area can be challenging. Home prices in 48807 are now at a median cost of $146,637, lower than the Michigan average of $250,415.
The average cost of rent is $863/mo in 48807, primarily driven by the current value of real estate in the 48807 area. In 48807, 18.46% of households rent, and 60.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48807 is $4,713 per month. Households that rent pay about 18.30% of their income on rent here. 48807’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 48831, MI: higher priced homes
- 48806, MI: equally priced homes
- 48614, MI: equally priced homes
- 48841, MI: higher priced homes
- 48862, MI: higher priced homes
- 48649, MI: equally priced homes
- 48874, MI: higher priced homes
- 48866, MI: higher priced homes
- 48847, MI: higher priced homes
- 48871, MI: higher priced homes
Zip Codes with Similar Populations
- 99130, WA: higher priced homes
- 02543, MA: higher priced homes
- 04424, ME: less expensive homes
- 05737, VT: higher priced homes
- 12464, NY: higher priced homes
- 12950, NY: higher priced homes
- 12970, NY: higher priced homes
- 59919, MT: higher priced homes
- 56742, MN: higher priced homes
- 60930, IL: higher priced homes
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