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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 $153,063, lower than the Michigan average of $196,062.
The average cost of rent is $756/mo in 49047, primarily driven by the current value of real estate in the 49047 area. While nearly 46.25% of residents own their homes outright in 49047, 28.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49047 is $4,289 per month. Households that rent pay about 17.63% of their income on rent here. 49047's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 49102, MI: equally priced homes
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- 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
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- 35210, AL: higher priced homes
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