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These days, finding an affordable place to live in the 48831 area can be challenging. Home prices in 48831 are now at a median cost of $160,565, lower than the Michigan average of $250,415.
The average cost of rent is $853/mo in 48831, primarily driven by the current value of real estate in the 48831 area. In 48831, 12.41% of households rent, and 50.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48831 is $5,782 per month. Households that rent pay about 14.76% of their income on rent here. 48831’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 48807, MI: equally priced homes
- 48866, MI: higher priced homes
- 48841, MI: higher priced homes
- 48806, MI: equally priced homes
- 48649, MI: equally priced homes
- 48879, MI: higher priced homes
- 48874, MI: higher priced homes
- 48867, MI: equally priced homes
- 48616, MI: equally priced homes
- 48853, MI: higher priced homes
Zip Codes with Similar Populations
- 01529, MA: higher priced homes
- 98240, WA: higher priced homes
- 97019, OR: higher priced homes
- 96779, HI: higher priced homes
- 94038, CA: higher priced homes
- 86515, AZ: less expensive homes
- 86432, AZ: higher priced homes
- 78375, TX: less expensive homes
- 70052, LA: higher priced homes
- 67544, KS: less expensive homes
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