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These days, finding an affordable place to live in the 48847 area can be challenging. Home prices in 48847 are now at a median cost of $118,585, lower than the Michigan average of $196,062.
The average cost of rent is $808/mo in 48847, primarily driven by the current value of real estate in the 48847 area. While nearly 41.43% of residents own their homes outright in 48847, 20.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48847 is $4,755 per month. Households that rent pay about 17.00% of their income on rent here. 48847's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48862, MI: higher priced homes
- 48874, MI: higher priced homes
- 48801, MI: less expensive homes
- 48806, MI: less expensive homes
- 48856, MI: equally priced homes
- 48871, MI: higher priced homes
- 48889, MI: equally priced homes
- 48853, MI: equally priced homes
- 48807, MI: less expensive homes
- 48877, MI: less expensive homes
Zip Codes with Similar Populations
- 25570, WV: higher priced homes
- 80136, CO: higher priced homes
- 78583, TX: equally priced homes
- 29003, SC: less expensive homes
- 27855, NC: less expensive homes
- 26847, WV: higher priced homes
- 26431, WV: equally priced homes
- 26170, WV: equally priced homes
- 26047, WV: equally priced homes
- 25661, WV: less expensive homes
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