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These days, finding an affordable place to live in the 48857 area can be challenging. Home prices in 48857 are now at a median cost of $153,352, lower than the Michigan average of $250,415.
The average cost of rent is $1,245/mo in 48857, primarily driven by the current value of real estate in the 48857 area. In 48857, 17.52% of households rent, and 33.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48857 is $6,853 per month. Households that rent pay about 18.17% of their income on rent here. 48857’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 48872, MI: higher priced homes
- 48414, MI: higher priced homes
- 48476, MI: equally priced homes
- 48429, MI: higher priced homes
- 48848, MI: higher priced homes
- 48867, MI: equally priced homes
- 48418, MI: higher priced homes
- 48817, MI: higher priced homes
- 48816, MI: higher priced homes
- 48840, MI: higher priced homes
Zip Codes with Similar Populations
- 04224, ME: equally priced homes
- 89049, NV: equally priced homes
- 75980, TX: less expensive homes
- 70660, LA: higher priced homes
- 68361, NE: equally priced homes
- 62468, IL: less expensive homes
- 54460, WI: equally priced homes
- 43518, OH: less expensive homes
- 41222, KY: less expensive homes
- 38477, TN: higher priced homes
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