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These days, finding an affordable place to live in the 48892 area can be challenging. Home prices in 48892 are now at a median cost of $148,087, lower than the Michigan average of $196,062.
The average cost of rent is $924/mo in 48892, primarily driven by the current value of real estate in the 48892 area. While nearly 36.63% of residents own their homes outright in 48892, 16.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48892 is $6,251 per month. Households that rent pay about 14.78% of their income on rent here. 48892's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 48836, MI: higher priced homes
- 48895, MI: higher priced homes
- 48819, MI: higher priced homes
- 48855, MI: higher priced homes
- 48864, MI: higher priced homes
- 48816, MI: higher priced homes
- 48840, MI: higher priced homes
- 48843, MI: higher priced homes
- 48854, MI: higher priced homes
- 48824, MI: equally priced homes
Zip Codes with Similar Populations
- 24279, VA: less expensive homes
- 32033, FL: higher priced homes
- 07732, NJ: higher priced homes
- 72632, AR: higher priced homes
- 62285, IL: higher priced homes
- 03044, NH: higher priced homes
- 75452, TX: higher priced homes
- 72042, AR: less expensive homes
- 61016, IL: higher priced homes
- 56215, MN: less expensive homes
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