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These days, finding an affordable place to live in the 48845 area can be challenging. Home prices in 48845 are now at a median cost of $123,746, lower than the Michigan average of $196,062.
The average cost of rent is $848/mo in 48845, primarily driven by the current value of real estate in the 48845 area. While nearly 47.38% of residents own their homes outright in 48845, 8.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48845 is $4,662 per month. Households that rent pay about 18.19% of their income on rent here. 48845's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48811, MI: higher priced homes
- 48860, MI: higher priced homes
- 48873, MI: higher priced homes
- 48835, MI: higher priced homes
- 48853, MI: equally priced homes
- 48856, MI: equally priced homes
- 48871, MI: higher priced homes
- 48834, MI: equally priced homes
- 48851, MI: less expensive homes
- 48894, MI: higher priced homes
Zip Codes with Similar Populations
- 58413, ND: less expensive homes
- 79739, TX: higher priced homes
- 85606, AZ: higher priced homes
- 87364, NM: less expensive homes
- 88253, NM: equally priced homes
- 97488, OR: higher priced homes
- 20658, MD: higher priced homes
- 17758, PA: higher priced homes
- 16440, PA: higher priced homes
- 15686, PA: higher priced homes
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