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These days, finding an affordable place to live in the 48851 area can be challenging. Home prices in 48851 are now at a median cost of $153,415, lower than the Michigan average of $250,415.
The average cost of rent is $1,038/mo in 48851, primarily driven by the current value of real estate in the 48851 area. In 48851, 18.98% of households rent, and 35.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48851 is $6,333 per month. Households that rent pay about 16.39% of their income on rent here. 48851’s most expensive areas are in the southern 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
- 48860, MI: higher priced homes
- 48873, MI: higher priced homes
- 48875, MI: higher priced homes
- 48846, MI: higher priced homes
- 48894, MI: higher priced homes
- 48835, MI: higher priced homes
- 48845, MI: higher priced homes
- 48822, MI: higher priced homes
- 48865, MI: equally priced homes
- 48881, MI: higher priced homes
Zip Codes with Similar Populations
- 32420, FL: less expensive homes
- 67672, KS: less expensive homes
- 65787, MO: higher priced homes
- 70083, LA: less expensive homes
- 72355, AR: less expensive homes
- 72473, AR: less expensive homes
- 77951, TX: less expensive homes
- 83540, ID: higher priced homes
- 97449, OR: higher priced homes
- 03785, NH: higher priced homes
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