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These days, finding an affordable place to live in the 48853 area can be challenging. Home prices in 48853 are now at a median cost of $124,300, lower than the Michigan average of $196,062.
The average cost of rent is $457/mo in 48853, primarily driven by the current value of real estate in the 48853 area. While nearly 39.20% of residents own their homes outright in 48853, 17.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48853 is $5,134 per month. Households that rent pay about 8.90% of their income on rent here. 48853's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48871, MI: higher priced homes
- 48856, MI: equally priced homes
- 48835, MI: higher priced homes
- 48874, MI: equally priced homes
- 48845, MI: equally priced homes
- 48811, MI: higher priced homes
- 48806, MI: less expensive homes
- 48862, MI: equally priced homes
- 48847, MI: equally priced homes
- 48860, MI: higher priced homes
Zip Codes with Similar Populations
- 34498, FL: higher priced homes
- 40012, KY: higher priced homes
- 40010, KY: higher priced homes
- 98438, WA: higher priced homes
- 38370, TN: less expensive homes
- 37151, TN: higher priced homes
- 36371, AL: equally priced homes
- 36314, AL: less expensive homes
- 35149, AL: less expensive homes
- 40040, KY: equally priced homes
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