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These days, finding an affordable place to live in the 48912 area can be challenging. Home prices in 48912 are now at a median cost of $111,010, lower than the Michigan average of $196,062.
The average cost of rent is $867/mo in 48912, primarily driven by the current value of real estate in the 48912 area. While nearly 37.23% of residents own their homes outright in 48912, 53.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48912 is $3,934 per month. Households that rent pay about 22.04% of their income on rent here. 48912's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 48933, MI: higher priced homes
- 48825, MI: higher priced homes
- 48915, MI: less expensive homes
- 48823, MI: higher priced homes
- 48906, MI: higher priced homes
- 48824, MI: higher priced homes
- 48910, MI: less expensive homes
- 48911, MI: equally priced homes
- 48917, MI: higher priced homes
- 48864, MI: higher priced homes
Zip Codes with Similar Populations
- 77656, TX: higher priced homes
- 24014, VA: higher priced homes
- 24210, VA: higher priced homes
- 24333, VA: higher priced homes
- 27856, NC: higher priced homes
- 29569, SC: higher priced homes
- 29631, SC: higher priced homes
- 29860, SC: higher priced homes
- 78219, TX: equally priced homes
- 97850, OR: higher priced homes
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