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These days, finding an affordable place to live in the 48878 area can be challenging. Home prices in 48878 are now at a median cost of $160,928, lower than the Michigan average of $250,415.
The average cost of rent is $818/mo in 48878, primarily driven by the current value of real estate in the 48878 area. In 48878, 11.79% of households rent, and 50.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48878 is $5,362 per month. Households that rent pay about 15.25% of their income on rent here. 48878’s most expensive areas are in the northern 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
- 48617, MI: equally priced homes
- 48622, MI: equally priced homes
- 48893, MI: higher priced homes
- 48618, MI: less expensive homes
- 48632, MI: equally priced homes
- 49340, MI: higher priced homes
- 48657, MI: higher priced homes
- 49305, MI: less expensive homes
- 48612, MI: equally priced homes
- 48620, MI: higher priced homes
Zip Codes with Similar Populations
- 74450, OK: equally priced homes
- 24079, VA: higher priced homes
- 24138, VA: higher priced homes
- 26060, WV: equally priced homes
- 31054, GA: less expensive homes
- 61415, IL: less expensive homes
- 62823, IL: less expensive homes
- 72419, AR: less expensive homes
- 73647, OK: less expensive homes
- 03251, NH: higher priced homes
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