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These days, finding an affordable place to live in the 48891 area can be challenging. Home prices in 48891 are now at a median cost of $155,419, lower than the Michigan average of $250,415.
The average cost of rent is $857/mo in 48891, primarily driven by the current value of real estate in the 48891 area. In 48891, 10.72% of households rent, and 50.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48891 is $4,425 per month. Households that rent pay about 19.36% of their income on rent here. 48891’s most expensive areas are in the southwestern 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
- 48877, MI: less expensive homes
- 48829, MI: less expensive homes
- 48832, MI: less expensive homes
- 48852, MI: equally priced homes
- 48896, MI: higher priced homes
- 49310, MI: higher priced homes
- 48888, MI: higher priced homes
- 48886, MI: higher priced homes
- 48801, MI: less expensive homes
- 48858, MI: higher priced homes
Zip Codes with Similar Populations
- 08020, NJ: higher priced homes
- 31560, GA: equally priced homes
- 31555, GA: less expensive homes
- 27844, NC: less expensive homes
- 24747, WV: less expensive homes
- 20117, VA: higher priced homes
- 14435, NY: higher priced homes
- 95464, CA: higher priced homes
- 53932, WI: higher priced homes
- 54228, WI: higher priced homes
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