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These days, finding an affordable place to live in the 48854 area can be challenging. Home prices in 48854 are now at a median cost of $196,245, higher than the Michigan average of $196,062.
The average cost of rent is $1,120/mo in 48854, primarily driven by the current value of real estate in the 48854 area. While nearly 28.55% of residents own their homes outright in 48854, 19.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48854 is $6,760 per month. Households that rent pay about 16.57% of their income on rent here. 48854's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 48842, MI: less expensive homes
- 49251, MI: less expensive homes
- 48819, MI: equally priced homes
- 48911, MI: less expensive homes
- 48910, MI: less expensive homes
- 48821, MI: equally priced homes
- 49264, MI: less expensive homes
- 48827, MI: less expensive homes
- 48895, MI: higher priced homes
- 48876, MI: less expensive homes
Zip Codes with Similar Populations
- 16046, PA: higher priced homes
- 66210, KS: higher priced homes
- 36870, AL: less expensive homes
- 43725, OH: less expensive homes
- 44055, OH: less expensive homes
- 02888, RI: higher priced homes
- 46250, IN: higher priced homes
- 48532, MI: less expensive homes
- 49002, MI: equally priced homes
- 60513, IL: higher priced homes
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