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These days, finding an affordable place to live in the 48855 area can be challenging. Home prices in 48855 are now at a median cost of $346,050, higher than the Michigan average of $250,415.
The average cost of rent is $1,374/mo in 48855, primarily driven by the current value of real estate in the 48855 area. In 48855, 12.72% of households rent, and 25.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48855 is $8,544 per month. Households that rent pay about 16.08% of their income on rent here. 48855’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 48843, MI: equally priced homes
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- 48114, MI: higher priced homes
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- 48892, MI: less expensive homes
- 48380, MI: higher priced homes
- 48357, MI: equally priced homes
Zip Codes with Similar Populations
- 02915, RI: equally priced homes
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