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These days, finding an affordable place to live in the 48862 area can be challenging. Home prices in 48862 are now at a median cost of $131,800, lower than the Michigan average of $196,062.
The average cost of rent is $813/mo in 48862, primarily driven by the current value of real estate in the 48862 area. While nearly 51.36% of residents own their homes outright in 48862, 11.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48862 is $4,830 per month. Households that rent pay about 16.83% of their income on rent here. 48862's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 48847, MI: less expensive homes
- 48874, MI: equally priced homes
- 48806, MI: less expensive homes
- 48871, MI: higher priced homes
- 48807, MI: less expensive homes
- 48856, MI: less expensive homes
- 48801, MI: less expensive homes
- 48853, MI: equally priced homes
- 48614, MI: equally priced homes
- 48889, MI: less expensive homes
Zip Codes with Similar Populations
- 14529, NY: less expensive homes
- 92263, CA: higher priced homes
- 91371, CA: higher priced homes
- 15621, PA: equally priced homes
- 15488, PA: less expensive homes
- 15365, PA: higher priced homes
- 15231, PA: higher priced homes
- 14893, NY: higher priced homes
- 14588, NY: less expensive homes
- 92265, CA: higher priced homes
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