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These days, finding an affordable place to live in the 49103 area can be challenging. Home prices in 49103 are now at a median cost of $170,883, lower than the Michigan average of $196,062.
The average cost of rent is $793/mo in 49103, primarily driven by the current value of real estate in the 49103 area. While nearly 45.45% of residents own their homes outright in 49103, 49.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49103 is $4,903 per month. Households that rent pay about 16.18% of their income on rent here. 49103's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 49104, MI: equally priced homes
- 49102, MI: less expensive homes
- 49111, MI: equally priced homes
- 49126, MI: equally priced homes
- 49101, MI: higher priced homes
- 49107, MI: equally priced homes
- 49127, MI: higher priced homes
- 49085, MI: higher priced homes
- 49106, MI: higher priced homes
- 49120, MI: less expensive homes
Zip Codes with Similar Populations
- 61065, IL: higher priced homes
- 45875, OH: equally priced homes
- 47122, IN: higher priced homes
- 47460, IN: less expensive homes
- 48017, MI: higher priced homes
- 00731, PR: less expensive homes
- 48809, MI: equally priced homes
- 48895, MI: higher priced homes
- 49097, MI: higher priced homes
- 49801, MI: equally priced homes
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