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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 $281,277, higher than the Michigan average of $250,415.
The average cost of rent is $747/mo in 48894, primarily driven by the current value of real estate in the 48894 area. In 48894, 8.18% of households rent, and 55.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48894 is $7,402 per month. Households that rent pay about 10.10% of their income on rent here. 48894’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 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: higher priced homes
- 43071, OH: less expensive homes
- 44423, OH: less expensive homes
- 46702, IN: less expensive homes
- 48460, MI: less expensive homes
- 53203, WI: higher priced homes
- 54026, WI: higher priced homes
- 54435, WI: less expensive homes
- 56630, MN: less expensive homes
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