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These days, finding an affordable place to live in the 48850 area can be challenging. Home prices in 48850 are now at a median cost of $120,620, lower than the Michigan average of $196,062.
The average cost of rent is $716/mo in 48850, primarily driven by the current value of real estate in the 48850 area. While nearly 49.20% of residents own their homes outright in 48850, 17.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48850 is $4,618 per month. Households that rent pay about 15.51% of their income on rent here. 48850's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48886, MI: equally priced homes
- 49322, MI: higher priced homes
- 49347, MI: equally priced homes
- 49336, MI: less expensive homes
- 49310, MI: higher priced homes
- 48829, MI: less expensive homes
- 49346, MI: higher priced homes
- 49329, MI: higher priced homes
- 48888, MI: equally priced homes
- 48852, MI: less expensive homes
Zip Codes with Similar Populations
- 61348, IL: equally priced homes
- 47648, IN: higher priced homes
- 48367, MI: higher priced homes
- 48418, MI: higher priced homes
- 48463, MI: higher priced homes
- 48744, MI: equally priced homes
- 52726, IA: higher priced homes
- 53530, WI: higher priced homes
- 54230, WI: higher priced homes
- 54983, WI: higher priced homes
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