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These days, finding an affordable place to live in the 48861 area can be challenging. Home prices in 48861 are now at a median cost of $163,152, lower than the Michigan average of $196,062.
The average cost of rent is $986/mo in 48861, primarily driven by the current value of real estate in the 48861 area. While nearly 49.47% of residents own their homes outright in 48861, 8.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48861 is $7,256 per month. Households that rent pay about 13.59% of their income on rent here. 48861's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48890, MI: equally priced homes
- 48875, MI: equally priced homes
- 48837, MI: higher priced homes
- 49096, MI: less expensive homes
- 48822, MI: higher priced homes
- 48897, MI: equally priced homes
- 48876, MI: less expensive homes
- 48849, MI: equally priced homes
- 48917, MI: equally priced homes
- 48821, MI: higher priced homes
Zip Codes with Similar Populations
- 80731, CO: higher priced homes
- 28442, NC: less expensive homes
- 28783, NC: higher priced homes
- 29916, SC: less expensive homes
- 32610, FL: higher priced homes
- 42170, KY: equally priced homes
- 47862, IN: less expensive homes
- 48635, MI: less expensive homes
- 76853, TX: less expensive homes
- 76878, TX: less expensive homes
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