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These days, finding an affordable place to live in the 49007 area can be challenging. Home prices in 49007 are now at a median cost of $118,188, lower than the Michigan average of $196,062.
The average cost of rent is $738/mo in 49007, primarily driven by the current value of real estate in the 49007 area. While nearly 48.67% of residents own their homes outright in 49007, 69.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49007 is $3,005 per month. Households that rent pay about 24.55% of their income on rent here. 49007's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 49006, MI: higher priced homes
- 49008, MI: higher priced homes
- 49001, MI: equally priced homes
- 49004, MI: higher priced homes
- 49074, MI: less expensive homes
- 49048, MI: equally priced homes
- 49009, MI: higher priced homes
- 49024, MI: higher priced homes
- 49002, MI: higher priced homes
- 49053, MI: higher priced homes
Zip Codes with Similar Populations
- 01588, MA: higher priced homes
- 99324, WA: higher priced homes
- 99005, WA: higher priced homes
- 96097, CA: higher priced homes
- 95326, CA: higher priced homes
- 92093, CA: higher priced homes
- 88008, NM: higher priced homes
- 83316, ID: higher priced homes
- 30268, GA: higher priced homes
- 29574, SC: less expensive homes
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