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These days, finding an affordable place to live in the 48846 area can be challenging. Home prices in 48846 are now at a median cost of $129,378, lower than the Michigan average of $196,062.
The average cost of rent is $770/mo in 48846, primarily driven by the current value of real estate in the 48846 area. While nearly 39.23% of residents own their homes outright in 48846, 27.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48846 is $4,651 per month. Households that rent pay about 16.56% of their income on rent here. 48846's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48851, MI: less expensive homes
- 48865, MI: less expensive homes
- 48860, MI: equally priced homes
- 48881, MI: higher priced homes
- 48809, MI: higher priced homes
- 48873, MI: higher priced homes
- 48875, MI: higher priced homes
- 48815, MI: higher priced homes
- 48845, MI: equally priced homes
- 49331, MI: higher priced homes
Zip Codes with Similar Populations
- 07203, NJ: higher priced homes
- 99004, WA: higher priced homes
- 92586, CA: higher priced homes
- 91201, CA: higher priced homes
- 77551, TX: higher priced homes
- 60491, IL: higher priced homes
- 42066, KY: equally priced homes
- 37821, TN: equally priced homes
- 37212, TN: higher priced homes
- 34113, FL: higher priced homes
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