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These days, finding an affordable place to live in the 48841 area can be challenging. Home prices in 48841 are now at a median cost of $186,574, lower than the Michigan average of $250,415.
The average cost of rent is $1,144/mo in 48841, primarily driven by the current value of real estate in the 48841 area. In 48841, 11.59% of households rent, and 54.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48841 is $5,492 per month. Households that rent pay about 20.83% of their income on rent here. 48841’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 48649, MI: less expensive homes
- 48831, MI: less expensive homes
- 48616, MI: equally priced homes
- 48807, MI: less expensive homes
- 48614, MI: less expensive homes
- 48866, MI: equally priced homes
- 48460, MI: higher priced homes
- 48655, MI: equally priced homes
- 48806, MI: less expensive homes
- 48457, MI: equally priced homes
Zip Codes with Similar Populations
- 80515, CO: higher priced homes
- 25270, WV: less expensive homes
- 25511, WV: less expensive homes
- 25529, WV: less expensive homes
- 26425, WV: less expensive homes
- 26662, WV: less expensive homes
- 36761, AL: less expensive homes
- 38224, TN: less expensive homes
- 38452, TN: less expensive homes
- 55757, MN: higher priced homes
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