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These days, finding an affordable place to live in the 48856 area can be challenging. Home prices in 48856 are now at a median cost of $114,228, lower than the Michigan average of $196,062.
The average cost of rent is $1,240/mo in 48856, primarily driven by the current value of real estate in the 48856 area. While nearly 51.90% of residents own their homes outright in 48856, 20.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48856 is $4,591 per month. Households that rent pay about 27.01% of their income on rent here. 48856's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48871, MI: higher priced homes
- 48853, MI: equally priced homes
- 48874, MI: higher priced homes
- 48811, MI: higher priced homes
- 48889, MI: equally priced homes
- 48847, MI: equally priced homes
- 48845, MI: equally priced homes
- 48862, MI: higher priced homes
- 48818, MI: higher priced homes
- 48806, MI: equally priced homes
Zip Codes with Similar Populations
- 85334, AZ: less expensive homes
- 23839, VA: higher priced homes
- 25208, WV: less expensive homes
- 25981, WV: less expensive homes
- 36738, AL: less expensive homes
- 36751, AL: less expensive homes
- 38044, TN: equally priced homes
- 81525, CO: higher priced homes
- 83549, ID: higher priced homes
- 84649, UT: higher priced homes
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