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These days, finding an affordable place to live in the 48818 area can be challenging. Home prices in 48818 are now at a median cost of $177,736, lower than the Michigan average of $250,415.
The average cost of rent is $842/mo in 48818, primarily driven by the current value of real estate in the 48818 area. In 48818, 15.00% of households rent, and 53.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48818 is $5,124 per month. Households that rent pay about 16.44% of their income on rent here. 48818’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 48889, MI: equally priced homes
- 48811, MI: higher priced homes
- 48884, MI: equally priced homes
- 48877, MI: less expensive homes
- 48852, MI: equally priced homes
- 48856, MI: equally priced homes
- 48888, MI: equally priced homes
- 48834, MI: equally priced homes
- 48885, MI: equally priced homes
- 48871, MI: higher priced homes
Zip Codes with Similar Populations
- 77835, TX: higher priced homes
- 24281, VA: less expensive homes
- 24520, VA: less expensive homes
- 25033, WV: equally priced homes
- 26347, WV: equally priced homes
- 29009, SC: less expensive homes
- 31738, GA: less expensive homes
- 36376, AL: less expensive homes
- 86512, AZ: less expensive homes
- 84528, UT: higher priced homes
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