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These days, finding an affordable place to live in the 49047 area can be challenging. Home prices in 49047 are now at a median cost of $194,613, lower than the Michigan average of $250,415.
The average cost of rent is $866/mo in 49047, primarily driven by the current value of real estate in the 49047 area. In 49047, 24.05% of households rent, and 48.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49047 is $5,133 per month. Households that rent pay about 16.87% of their income on rent here. 49047’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 49102, MI: higher priced homes
- 49111, MI: equally priced homes
- 49045, MI: equally priced homes
- 49103, MI: higher priced homes
- 49104, MI: higher priced homes
- 49126, MI: equally priced homes
- 49057, MI: less expensive homes
- 49098, MI: less expensive homes
- 49067, MI: equally priced homes
- 49022, MI: less expensive homes
Zip Codes with Similar Populations
- 64701, MO: higher priced homes
- 32254, FL: less expensive homes
- 32425, FL: less expensive homes
- 32653, FL: higher priced homes
- 33616, FL: higher priced homes
- 34235, FL: higher priced homes
- 34475, FL: higher priced homes
- 35210, AL: higher priced homes
- 35750, AL: higher priced homes
- 36567, AL: higher priced homes
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