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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 $273,858, higher than the Michigan average of $250,415.
The average cost of rent is $791/mo in 48897, primarily driven by the current value of real estate in the 48897 area. In 48897, 14.38% of households rent, and 46.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 48897 is $5,772 per month. Households that rent pay about 13.71% of their income on rent here. 48897’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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
- 48849, MI: less expensive homes
- 49096, MI: less expensive homes
- 48890, MI: less expensive homes
- 49325, MI: equally priced homes
- 49058, MI: less expensive homes
- 48815, MI: equally priced homes
- 48861, MI: less expensive homes
- 48875, MI: less expensive 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: equally 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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