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These days, finding an affordable place to live in the 48871 area can be challenging. Home prices in 48871 are now at a median cost of $150,505, lower than the Michigan average of $196,062.
The average cost of rent is $848/mo in 48871, primarily driven by the current value of real estate in the 48871 area. While nearly 45.15% of residents own their homes outright in 48871, 16.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48871 is $5,904 per month. Households that rent pay about 14.36% of their income on rent here. 48871's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48856, MI: less expensive homes
- 48853, MI: less expensive homes
- 48874, MI: less expensive homes
- 48811, MI: equally priced homes
- 48806, MI: less expensive homes
- 48862, MI: less expensive homes
- 48845, MI: less expensive homes
- 48847, MI: less expensive homes
- 48835, MI: higher priced homes
- 48889, MI: less expensive homes
Zip Codes with Similar Populations
- 77335, TX: less expensive homes
- 28606, NC: less expensive homes
- 35135, AL: higher priced homes
- 38925, MS: equally priced homes
- 41064, KY: less expensive homes
- 54859, WI: higher priced homes
- 62898, IL: equally priced homes
- 64489, MO: less expensive homes
- 71371, LA: less expensive homes
- 03856, NH: higher priced homes
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