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These days, finding an affordable place to live in the 48820 area can be challenging. Home prices in 48820 are now at a median cost of $252,403, higher than the Michigan average of $196,062.
The average cost of rent is $935/mo in 48820, primarily driven by the current value of real estate in the 48820 area. While nearly 29.05% of residents own their homes outright in 48820, 17.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48820 is $7,811 per month. Households that rent pay about 11.97% of their income on rent here. 48820's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48906, MI: less expensive homes
- 48808, MI: higher priced homes
- 48915, MI: less expensive homes
- 48917, MI: less expensive homes
- 48933, MI: less expensive homes
- 48912, MI: less expensive homes
- 48823, MI: less expensive homes
- 48825, MI: less expensive homes
- 48822, MI: less expensive homes
- 48824, MI: less expensive homes
Zip Codes with Similar Populations
- 71909, AR: less expensive homes
- 24450, VA: equally priced homes
- 27344, NC: less expensive homes
- 28539, NC: less expensive homes
- 35757, AL: equally priced homes
- 48879, MI: less expensive homes
- 49770, MI: equally priced homes
- 55376, MN: higher priced homes
- 61455, IL: less expensive homes
- 64116, MO: less expensive homes
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