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These days, finding an affordable place to live in the 48848 area can be challenging. Home prices in 48848 are now at a median cost of $268,353, higher than the Michigan average of $250,415.
The average cost of rent is $1,049/mo in 48848, primarily driven by the current value of real estate in the 48848 area. In 48848, 10.83% of households rent, and 37.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48848 is $7,798 per month. Households that rent pay about 13.45% of their income on rent here. 48848’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 48808, MI: higher priced homes
- 48872, MI: less expensive homes
- 48840, MI: equally priced homes
- 48857, MI: less expensive homes
- 48823, MI: equally priced homes
- 48820, MI: higher priced homes
- 48867, MI: less expensive homes
- 48824, MI: less expensive homes
- 48825, MI: less expensive homes
- 48864, MI: higher priced homes
Zip Codes with Similar Populations
- 30108, GA: less expensive homes
- 75135, TX: higher priced homes
- 72837, AR: less expensive homes
- 67124, KS: less expensive homes
- 65619, MO: equally priced homes
- 38474, TN: equally priced homes
- 35670, AL: less expensive homes
- 34436, FL: less expensive homes
- 33841, FL: less expensive homes
- 32134, FL: less expensive homes
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