Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 48906 area can be challenging. Home prices in 48906 are now at a median cost of $125,731, lower than the Michigan average of $196,062.
The average cost of rent is $1,015/mo in 48906, primarily driven by the current value of real estate in the 48906 area. While nearly 36.21% of residents own their homes outright in 48906, 33.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48906 is $5,273 per month. Households that rent pay about 19.24% of their income on rent here. 48906's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 48915, MI: less expensive homes
- 48933, MI: higher priced homes
- 48912, MI: less expensive homes
- 48917, MI: higher priced homes
- 48910, MI: less expensive homes
- 48825, MI: higher priced homes
- 48823, MI: higher priced homes
- 48820, MI: higher priced homes
- 48824, MI: higher priced homes
- 48911, MI: less expensive homes
Zip Codes with Similar Populations
- 02905, RI: higher priced homes
- 06114, CT: higher priced homes
- 07424, NJ: higher priced homes
- 07450, NJ: higher priced homes
- 11429, NY: higher priced homes
- 14207, NY: less expensive homes
- 19125, PA: higher priced homes
- 22043, VA: higher priced homes
- 22485, VA: higher priced homes
- 27889, NC: higher priced homes
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