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These days, finding an affordable place to live in the 48866 area can be challenging. Home prices in 48866 are now at a median cost of $145,001, lower than the Michigan average of $196,062.
The average cost of rent is $769/mo in 48866, primarily driven by the current value of real estate in the 48866 area. While nearly 42.55% of residents own their homes outright in 48866, 16.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48866 is $6,178 per month. Households that rent pay about 12.45% of their income on rent here. 48866's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48831, MI: less expensive homes
- 48879, MI: higher priced homes
- 48867, MI: less expensive homes
- 48807, MI: less expensive homes
- 48841, MI: equally priced homes
- 48806, MI: less expensive homes
- 48649, MI: less expensive homes
- 48817, MI: less expensive homes
- 48874, MI: equally priced homes
- 48853, MI: less expensive homes
Zip Codes with Similar Populations
- 98840, WA: higher priced homes
- 15342, PA: higher priced homes
- 77435, TX: higher priced homes
- 85256, AZ: less expensive homes
- 86324, AZ: higher priced homes
- 88352, NM: less expensive homes
- 92210, CA: higher priced homes
- 08827, NJ: higher priced homes
- 07640, NJ: higher priced homes
- 97818, OR: higher priced homes
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