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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 $177,299, lower than the Michigan average of $250,415.
The average cost of rent is $697/mo in 48860, primarily driven by the current value of real estate in the 48860 area. In 48860, 24.59% of households rent, and 45.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48860 is $5,203 per month. Households that rent pay about 13.39% of their income on rent here. 48860’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 48851, MI: less expensive homes
- 48873, MI: higher priced homes
- 48845, MI: equally priced homes
- 48846, MI: equally priced homes
- 48835, MI: higher priced homes
- 48894, MI: higher priced homes
- 48834, MI: equally priced homes
- 48865, MI: less expensive homes
- 48811, MI: higher priced homes
- 48853, MI: equally priced homes
Zip Codes with Similar Populations
- 55909, MN: higher priced homes
- 67154, KS: less expensive homes
- 66427, KS: less expensive 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: higher priced homes
- 57567, SD: equally priced homes
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