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These days, finding an affordable place to live in the 48894 area can be challenging. Home prices in 48894 are now at a median cost of $196,862, higher than the Michigan average of $196,062.
The average cost of rent is $723/mo in 48894, primarily driven by the current value of real estate in the 48894 area. While nearly 52.37% of residents own their homes outright in 48894, 9.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48894 is $7,515 per month. Households that rent pay about 9.62% of their income on rent here. 48894's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 48873, MI: less expensive homes
- 48835, MI: less expensive homes
- 48822, MI: equally priced homes
- 48875, MI: less expensive homes
- 48851, MI: less expensive homes
- 48860, MI: less expensive homes
- 48845, MI: less expensive homes
- 48820, MI: higher priced homes
- 48879, MI: less expensive homes
- 48846, MI: less expensive homes
Zip Codes with Similar Populations
- 71720, AR: less expensive homes
- 03887, NH: equally priced homes
- 43071, OH: less expensive homes
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- 46702, IN: less expensive homes
- 48460, MI: less expensive homes
- 53203, WI: higher priced homes
- 54026, WI: higher priced homes
- 54435, WI: equally priced homes
- 56630, MN: less expensive homes
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