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These days, finding an affordable place to live in the 48874 area can be challenging. Home prices in 48874 are now at a median cost of $197,898, lower than the Michigan average of $250,415.
The average cost of rent is $1,076/mo in 48874, primarily driven by the current value of real estate in the 48874 area. In 48874, 9.76% of households rent, and 47.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48874 is $7,212 per month. Households that rent pay about 14.92% of their income on rent here. 48874’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
- 48871, MI: equally priced homes
- 48806, MI: less expensive homes
- 48862, MI: equally priced homes
- 48856, MI: less expensive homes
- 48847, MI: less expensive homes
- 48853, MI: less expensive homes
- 48807, MI: less expensive homes
- 48831, MI: less expensive homes
- 48889, MI: less expensive homes
- 48811, MI: equally priced homes
Zip Codes with Similar Populations
- 78338, TX: higher priced homes
- 59467, MT: higher priced homes
- 03291, NH: higher priced homes
- 59724, MT: higher priced homes
- 60519, IL: higher priced homes
- 60956, IL: less expensive homes
- 60969, IL: less expensive homes
- 61236, IL: less expensive homes
- 61346, IL: less expensive homes
- 61371, IL: equally priced homes
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