Is it affordable or expensive to live in 48062, MI?

It is affordable to live in 48062. Buying a home in 48062 is 1% less expensive compared with the national average.

Is it a good time to buy property in 48062, MI?

Yes now is a good time to buy property in 48062, in July 2026, homes in 48062 have decreased in value (price per sqft) by 4% in the last year compared with July 2025.

Are home prices dropping in 48062, MI?

Home price are dropping in 48062, in July 2026, homes to buy in 48062 have decreased in median list price by 3% compared with June 2026, one month ago.

Is the 48062, MI housing market slowing down?

The housing market in 48062 is slowing down. In July 2026, homes to buy in 48062 spent an median 50 days on the market, a 27% decrease from July 2025 last year.

What are the best and safest places to live in 48062, MI?

The best and safest neighborhoods to live in 48062 in July 2026 are Butler Ridge, Clear Creek, Indian Village, Downtown Rochester, Detroit Golf, Brookwood, Palmer Park, Virginia Park, Green Acres, University District, Barclay, Northeast Warren, New Center, Jefferson Chalmers, Bagley, West Village, Morningside, East English Village, Eight Mile Wyoming, Far East Side

How much money should I make to buy a house in 48062, MI?

In July 2026, 48062 homes were listed to buy for a median price of $320K, with 25% down you would need $2.02K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $69.3K.

Is it a good time to sell my house in 48062, MI?

Yes now is a good time to sell your house in 48062, in July 2026, homes in 48062 have decreased in value (price per sqft) by 4% in the last year compared with July 2025.