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These days, finding an affordable place to live in the 48827 area can be challenging. Home prices in 48827 are now at a median cost of $218,267, lower than the Michigan average of $250,415.
The average cost of rent is $983/mo in 48827, primarily driven by the current value of real estate in the 48827 area. In 48827, 15.56% of households rent, and 35.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48827 is $6,886 per month. Households that rent pay about 14.28% of their income on rent here. 48827’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 49264, MI: higher priced homes
- 48821, MI: higher priced homes
- 48876, MI: less expensive homes
- 48813, MI: less expensive homes
- 48842, MI: equally priced homes
- 48854, MI: higher priced homes
- 48911, MI: less expensive homes
- 49251, MI: equally priced homes
- 48910, MI: less expensive homes
- 49076, MI: less expensive homes
Zip Codes with Similar Populations
- 45410, OH: less expensive homes
- 34984, FL: higher priced homes
- 36619, AL: equally priced homes
- 37763, TN: higher priced homes
- 37874, TN: equally priced homes
- 37909, TN: higher priced homes
- 38107, TN: less expensive homes
- 38343, TN: less expensive homes
- 38606, MS: less expensive homes
- 00723, PR: less expensive homes
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