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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 $172,715, lower than the Michigan average of $196,062.
The average cost of rent is $852/mo in 48827, primarily driven by the current value of real estate in the 48827 area. While nearly 26.78% of residents own their homes outright in 48827, 15.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48827 is $6,382 per month. Households that rent pay about 13.35% of their income on rent here. 48827's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 49264, MI: equally 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: less expensive 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: less expensive 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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