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These days, finding an affordable place to live in the 48881 area can be challenging. Home prices in 48881 are now at a median cost of $179,573, lower than the Michigan average of $196,062.
The average cost of rent is $658/mo in 48881, primarily driven by the current value of real estate in the 48881 area. While nearly 32.32% of residents own their homes outright in 48881, 14.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48881 is $6,109 per month. Households that rent pay about 10.77% of their income on rent here. 48881's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 48815, MI: higher priced homes
- 49331, MI: higher priced homes
- 48846, MI: less expensive homes
- 48809, MI: less expensive homes
- 49302, MI: higher priced homes
- 48865, MI: less expensive homes
- 48851, MI: less expensive homes
- 49301, MI: higher priced homes
- 48860, MI: less expensive homes
- 48875, MI: less expensive homes
Zip Codes with Similar Populations
- 22974, VA: higher priced homes
- 85550, AZ: less expensive homes
- 83355, ID: equally priced homes
- 35224, AL: less expensive homes
- 28642, NC: less expensive homes
- 24517, VA: less expensive homes
- 24244, VA: less expensive homes
- 23930, VA: less expensive homes
- 23219, VA: higher priced homes
- 23089, VA: higher priced homes
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