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These days, finding an affordable place to live in the 48809 area can be challenging. Home prices in 48809 are now at a median cost of $162,133, lower than the Michigan average of $196,062.
The average cost of rent is $804/mo in 48809, primarily driven by the current value of real estate in the 48809 area. While nearly 33.83% of residents own their homes outright in 48809, 27.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48809 is $5,438 per month. Households that rent pay about 14.78% of their income on rent here. 48809's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48838, MI: equally priced homes
- 48865, MI: less expensive homes
- 48834, MI: less expensive homes
- 49331, MI: higher priced homes
- 48846, MI: less expensive homes
- 48881, MI: higher priced homes
- 49341, MI: higher priced homes
- 49301, MI: higher priced homes
- 48860, MI: less expensive homes
- 49306, MI: higher priced homes
Zip Codes with Similar Populations
- 02061, MA: higher priced homes
- 03031, NH: higher priced homes
- 06239, CT: higher priced homes
- 06357, CT: higher priced homes
- 07657, NJ: higher priced homes
- 07843, NJ: higher priced homes
- 19444, PA: higher priced homes
- 10553, NY: higher priced homes
- 13827, NY: less expensive homes
- 15522, PA: equally priced homes
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