Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 49116 area can be challenging. Home prices in 49116 are now at a median cost of $482,500, higher than the Michigan average of $196,062.
The average cost of rent is $806/mo in 49116, primarily driven by the current value of real estate in the 49116 area. While nearly 46.99% of residents own their homes outright in 49116, 3.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49116 is $6,310 per month. Households that rent pay about 12.77% of their income on rent here. 49116's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 49129, MI: less expensive homes
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- 49106, MI: less expensive homes
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- 49101, MI: less expensive homes
- 46552, IN: less expensive homes
Zip Codes with Similar Populations
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