Expensive
Affordable
Affordable
Colorblind friendly
off
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 $184,300, lower than the Michigan average of $250,415.
The average cost of rent is $1,208/mo in 48862, primarily driven by the current value of real estate in the 48862 area. In 48862, 8.18% of households rent, and 57.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48862 is $6,250 per month. Households that rent pay about 19.33% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 48847, MI: equally priced homes
- 48874, MI: equally priced homes
- 48806, MI: less expensive homes
- 48871, MI: higher priced homes
- 48807, MI: less expensive homes
- 48856, MI: equally priced homes
- 48801, MI: less expensive homes
- 48853, MI: equally priced homes
- 48614, MI: less expensive 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: less expensive 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood