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These days, finding an affordable place to live in the 49040 area can be challenging. Home prices in 49040 are now at a median cost of $180,999, lower than the Michigan average of $250,415.
The average cost of rent is $889/mo in 49040, primarily driven by the current value of real estate in the 49040 area. In 49040, 20.26% of households rent, and 44.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49040 is $5,450 per month. Households that rent pay about 16.31% of their income on rent here. 49040’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
- 49066, MI: higher priced homes
- 49089, MI: less expensive homes
- 49075, MI: higher priced homes
- 49030, MI: equally priced homes
- 49072, MI: equally priced homes
- 49028, MI: less expensive homes
- 49032, MI: equally priced homes
- 49091, MI: equally priced homes
- 49094, MI: less expensive homes
- 49093, MI: equally priced homes
Zip Codes with Similar Populations
- 07931, NJ: higher priced homes
- 63869, MO: less expensive homes
- 54871, WI: higher priced homes
- 88231, NM: less expensive homes
- 90067, CA: higher priced homes
- 95684, CA: higher priced homes
- 44451, OH: higher priced homes
- 44264, OH: higher priced homes
- 40109, KY: higher priced homes
- 38610, MS: less expensive homes
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