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These days, finding an affordable place to live in the 48824 area can be challenging. Home prices in 48824 are now at a median cost of $153,200, lower than the Michigan average of $196,062.
The average cost of rent is $949/mo in 48824, primarily driven by the current value of real estate in the 48824 area. While nearly 35.11% of residents own their homes outright in 48824, 41.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48824 is $4,852 per month. Households that rent pay about 19.56% of their income on rent here. 48824's most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48825, MI: equally priced homes
- 48823, MI: higher priced homes
- 48912, MI: less expensive homes
- 48864, MI: higher priced homes
- 48840, MI: higher priced homes
- 48910, MI: less expensive homes
- 48933, MI: equally priced homes
- 48915, MI: less expensive homes
- 48906, MI: less expensive homes
- 48808, MI: higher priced homes
Zip Codes with Similar Populations
- 14891, NY: less expensive homes
- 17051, PA: equally priced homes
- 17018, PA: higher priced homes
- 16423, PA: less expensive homes
- 16401, PA: less expensive homes
- 16239, PA: less expensive homes
- 84713, UT: higher priced homes
- 16053, PA: higher priced homes
- 15461, PA: less expensive homes
- 17562, PA: higher priced homes
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