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These days, finding an affordable place to live in the 48843 area can be challenging. Home prices in 48843 are now at a median cost of $250,107, higher than the Michigan average of $196,062.
The average cost of rent is $1,314/mo in 48843, primarily driven by the current value of real estate in the 48843 area. While nearly 25.96% of residents own their homes outright in 48843, 22.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48843 is $7,150 per month. Households that rent pay about 18.38% of their income on rent here. 48843's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48855, MI: equally priced homes
- 48114, MI: higher priced homes
- 48116, MI: higher priced homes
- 48169, MI: higher priced homes
- 48836, MI: less expensive homes
- 48353, MI: equally priced homes
- 48139, MI: equally priced homes
- 48380, MI: higher priced homes
- 48137, MI: equally priced homes
- 48189, MI: higher priced homes
Zip Codes with Similar Populations
- 33147, FL: less expensive homes
- 21043, MD: higher priced homes
- 24060, VA: higher priced homes
- 24502, VA: less expensive homes
- 27705, NC: higher priced homes
- 94303, CA: higher priced homes
- 29073, SC: less expensive homes
- 60645, IL: equally priced homes
- 60126, IL: higher priced homes
- 33126, FL: less expensive homes
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