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These days, finding an affordable place to live in the 48823 area can be challenging. Home prices in 48823 are now at a median cost of $283,173, higher than the Michigan average of $250,415.
The average cost of rent is $1,199/mo in 48823, primarily driven by the current value of real estate in the 48823 area. In 48823, 56.67% of households rent, and 38.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48823 is $5,637 per month. Households that rent pay about 21.27% of their income on rent here. 48823’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 48824, MI: less expensive homes
- 48825, MI: less expensive homes
- 48912, MI: less expensive homes
- 48840, MI: equally priced homes
- 48864, MI: higher priced homes
- 48933, MI: less expensive homes
- 48808, MI: higher priced homes
- 48906, MI: less expensive homes
- 48915, MI: less expensive homes
- 48910, MI: less expensive homes
Zip Codes with Similar Populations
- 92129, CA: higher priced homes
- 07003, NJ: higher priced homes
- 20902, MD: higher priced homes
- 10940, NY: higher priced homes
- 95207, CA: higher priced homes
- 18102, PA: less expensive homes
- 20774, MD: higher priced homes
- 19140, PA: less expensive homes
- 20744, MD: higher priced homes
- 19335, PA: higher priced homes
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