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These days, finding an affordable place to live in the 48872 area can be challenging. Home prices in 48872 are now at a median cost of $239,634, lower than the Michigan average of $250,415.
The average cost of rent is $1,143/mo in 48872, primarily driven by the current value of real estate in the 48872 area. In 48872, 17.06% of households rent, and 48.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48872 is $5,971 per month. Households that rent pay about 19.15% of their income on rent here. 48872’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 48857, MI: less expensive homes
- 48848, MI: higher priced homes
- 48414, MI: less expensive homes
- 48840, MI: higher priced homes
- 48808, MI: higher priced homes
- 48864, MI: higher priced homes
- 48867, MI: less expensive homes
- 48823, MI: higher priced homes
- 48824, MI: less expensive homes
- 48476, MI: less expensive homes
Zip Codes with Similar Populations
- 35151, AL: less expensive homes
- 76634, TX: less expensive homes
- 75840, TX: less expensive homes
- 48438, MI: higher priced homes
- 43315, OH: less expensive homes
- 43162, OH: equally priced homes
- 40311, KY: less expensive homes
- 39476, MS: less expensive homes
- 38028, TN: higher priced homes
- 37887, TN: less expensive homes
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