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These days, finding an affordable place to live in the 48817 area can be challenging. Home prices in 48817 are now at a median cost of $118,877, lower than the Michigan average of $196,062.
The average cost of rent is $669/mo in 48817, primarily driven by the current value of real estate in the 48817 area. While nearly 44.71% of residents own their homes outright in 48817, 23.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48817 is $4,715 per month. Households that rent pay about 14.19% of their income on rent here. 48817's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48476, MI: less expensive homes
- 48867, MI: higher priced homes
- 48449, MI: higher priced homes
- 48429, MI: equally priced homes
- 48414, MI: higher priced homes
- 48857, MI: equally priced homes
- 48433, MI: higher priced homes
- 48436, MI: higher priced homes
- 48473, MI: higher priced homes
- 48418, MI: higher priced homes
Zip Codes with Similar Populations
- 29555, SC: less expensive homes
- 36862, AL: equally priced homes
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- 34484, FL: higher priced homes
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- 32466, FL: higher priced homes
- 31771, GA: less expensive homes
- 31634, GA: less expensive homes
- 30558, GA: higher priced homes
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