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These days, finding an affordable place to live in the 48897 area can be challenging. Home prices in 48897 are now at a median cost of $167,382, lower than the Michigan average of $196,062.
The average cost of rent is $662/mo in 48897, primarily driven by the current value of real estate in the 48897 area. While nearly 44.63% of residents own their homes outright in 48897, 16.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48897 is $4,964 per month. Households that rent pay about 13.35% of their income on rent here. 48897's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48849, MI: less expensive homes
- 49096, MI: less expensive homes
- 48890, MI: equally priced homes
- 49325, MI: equally priced homes
- 49058, MI: equally priced homes
- 48815, MI: higher priced homes
- 48861, MI: equally priced homes
- 48875, MI: equally priced homes
- 49333, MI: higher priced homes
- 49302, MI: higher priced homes
Zip Codes with Similar Populations
- 43533, OH: less expensive homes
- 48662, MI: less expensive homes
- 47992, IN: higher priced homes
- 47360, IN: less expensive homes
- 98278, WA: higher priced homes
- 98416, WA: higher priced homes
- 44032, OH: less expensive homes
- 43778, OH: less expensive homes
- 43727, OH: less expensive homes
- 51046, IA: less expensive homes
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