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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 $271,459, higher than the Michigan average of $196,062.
The average cost of rent is $1,350/mo in 48855, primarily driven by the current value of real estate in the 48855 area. While nearly 25.93% of residents own their homes outright in 48855, 16.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48855 is $7,698 per month. Households that rent pay about 17.54% of their income on rent here. 48855's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48843, MI: equally priced homes
- 48816, MI: equally priced homes
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- 48353, MI: equally priced homes
- 48114, MI: higher priced homes
- 48430, MI: equally priced homes
- 48116, MI: higher priced homes
- 48892, MI: less expensive homes
- 48380, MI: higher priced homes
- 48357, MI: less expensive homes
Zip Codes with Similar Populations
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- 17033, PA: equally priced homes
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- 45202, OH: higher priced homes
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- 47904, IN: less expensive homes
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