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These days, finding an affordable place to live in the 48860 area can be challenging. Home prices in 48860 are now at a median cost of $139,571, lower than the Michigan average of $196,062.
The average cost of rent is $503/mo in 48860, primarily driven by the current value of real estate in the 48860 area. While nearly 36.24% of residents own their homes outright in 48860, 22.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48860 is $5,442 per month. Households that rent pay about 9.23% of their income on rent here. 48860's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48851, MI: less expensive homes
- 48873, MI: higher priced homes
- 48845, MI: less expensive homes
- 48846, MI: equally priced homes
- 48835, MI: higher priced homes
- 48894, MI: higher priced homes
- 48834, MI: less expensive homes
- 48865, MI: less expensive homes
- 48811, MI: equally priced homes
- 48853, MI: less expensive homes
Zip Codes with Similar Populations
- 55909, MN: higher priced homes
- 67154, KS: less expensive homes
- 66427, KS: equally priced homes
- 63837, MO: less expensive homes
- 63091, MO: higher priced homes
- 61729, IL: higher priced homes
- 61377, IL: less expensive homes
- 61368, IL: less expensive homes
- 59486, MT: equally priced homes
- 57567, SD: equally priced homes
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