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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 $772,700, higher than the Michigan average of $250,415.
The average cost of rent is $1,021/mo in 49116, primarily driven by the current value of real estate in the 49116 area. In 49116, 6.14% of households rent, and 61.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49116 is $6,997 per month. Households that rent pay about 14.59% of their income on rent here. 49116’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 49129, MI: less expensive homes
- 49115, MI: less expensive homes
- 49128, MI: less expensive homes
- 49125, MI: less expensive homes
- 49119, MI: less expensive homes
- 49117, MI: less expensive homes
- 49106, MI: less expensive homes
- 49113, MI: less expensive homes
- 49101, MI: less expensive homes
- 46552, IN: less expensive homes
Zip Codes with Similar Populations
- 74843, OK: less expensive homes
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- 72175, AR: less expensive homes
- 73673, OK: less expensive homes
- 73756, OK: less expensive homes
- 73835, OK: less expensive homes
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