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These days, finding an affordable place to live in the 48842 area can be challenging. Home prices in 48842 are now at a median cost of $164,536, lower than the Michigan average of $196,062.
The average cost of rent is $1,260/mo in 48842, primarily driven by the current value of real estate in the 48842 area. While nearly 33.85% of residents own their homes outright in 48842, 33.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48842 is $6,357 per month. Households that rent pay about 19.82% of their income on rent here. 48842's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48911, MI: less expensive homes
- 48910, MI: less expensive homes
- 48854, MI: higher priced homes
- 48821, MI: higher priced homes
- 48825, MI: equally priced homes
- 48933, MI: less expensive homes
- 48824, MI: equally priced homes
- 48912, MI: less expensive homes
- 48864, MI: higher priced homes
- 48915, MI: less expensive homes
Zip Codes with Similar Populations
- 48314, MI: higher priced homes
- 41015, KY: equally priced homes
- 35756, AL: higher priced homes
- 91040, CA: higher priced homes
- 92377, CA: higher priced homes
- 33431, FL: higher priced homes
- 93560, CA: higher priced homes
- 97754, OR: higher priced homes
- 27546, NC: equally priced homes
- 27263, NC: less expensive homes
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