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These days, finding an affordable place to live in the 49031 area can be challenging. Home prices in 49031 are now at a median cost of $217,527, lower than the Michigan average of $250,415.
The average cost of rent is $994/mo in 49031, primarily driven by the current value of real estate in the 49031 area. In 49031, 21.61% of households rent, and 47.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49031 is $5,815 per month. Households that rent pay about 17.09% of their income on rent here. 49031’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 49095, MI: higher priced homes
- 49112, MI: higher priced homes
- 49061, MI: higher priced homes
- 49130, MI: higher priced homes
- 46514, IN: less expensive homes
- 46530, IN: higher priced homes
- 49120, MI: less expensive homes
- 46507, IN: higher priced homes
- 49102, MI: equally priced homes
- 46635, IN: equally priced homes
Zip Codes with Similar Populations
- 28586, NC: less expensive homes
- 73446, OK: less expensive homes
- 70437, LA: higher priced homes
- 70420, LA: higher priced homes
- 68526, NE: higher priced homes
- 30742, GA: equally priced homes
- 29842, SC: less expensive homes
- 29376, SC: higher priced homes
- 29160, SC: less expensive homes
- 29135, SC: less expensive homes
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