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These days, finding an affordable place to live in the 48864 area can be challenging. Home prices in 48864 are now at a median cost of $406,131, higher than the Michigan average of $250,415.
The average cost of rent is $1,245/mo in 48864, primarily driven by the current value of real estate in the 48864 area. In 48864, 32.67% of households rent, and 37.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48864 is $10,569 per month. Households that rent pay about 11.78% of their income on rent here. 48864’s most expensive areas are in the southwestern 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
- 48824, MI: less expensive homes
- 48840, MI: less expensive homes
- 48825, MI: less expensive homes
- 48823, MI: less expensive homes
- 48912, MI: less expensive homes
- 48895, MI: less expensive homes
- 48910, MI: less expensive homes
- 48842, MI: less expensive homes
- 48933, MI: less expensive homes
- 48808, MI: less expensive homes
Zip Codes with Similar Populations
- 33541, FL: less expensive homes
- 85737, AZ: higher priced homes
- 84124, UT: higher priced homes
- 80232, CO: higher priced homes
- 80203, CO: higher priced homes
- 47025, IN: less expensive homes
- 80113, CO: higher priced homes
- 77632, TX: less expensive homes
- 74134, OK: less expensive homes
- 71292, LA: less expensive homes
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