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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 $341,657, higher than the Michigan average of $250,415.
The average cost of rent is $1,529/mo in 48843, primarily driven by the current value of real estate in the 48843 area. In 48843, 21.66% of households rent, and 28.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48843 is $8,751 per month. Households that rent pay about 17.48% of their income on rent here. 48843’s most expensive areas are in the southeastern 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
- 48855, MI: equally priced homes
- 48114, MI: higher priced homes
- 48116, MI: higher priced homes
- 48169, MI: equally priced homes
- 48836, MI: less expensive homes
- 48353, MI: equally priced homes
- 48139, MI: higher priced homes
- 48380, MI: higher priced homes
- 48137, MI: equally priced homes
- 48189, MI: equally priced homes
Zip Codes with Similar Populations
- 33147, FL: higher priced 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: equally priced homes
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