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These days, finding an affordable place to live in the 49120 area can be challenging. Home prices in 49120 are now at a median cost of $181,626, lower than the Michigan average of $250,415.
The average cost of rent is $934/mo in 49120, primarily driven by the current value of real estate in the 49120 area. In 49120, 20.88% of households rent, and 41.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49120 is $5,658 per month. Households that rent pay about 16.51% of their income on rent here. 49120’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 46637, IN: higher priced homes
- 49107, MI: higher priced homes
- 46530, IN: higher priced homes
- 46635, IN: higher priced homes
- 46556, IN: less expensive homes
- 46628, IN: equally priced homes
- 49102, MI: higher priced homes
- 49103, MI: higher priced homes
- 49112, MI: higher priced homes
- 49104, MI: higher priced homes
Zip Codes with Similar Populations
- 07753, NJ: higher priced homes
- 08080, NJ: higher priced homes
- 08618, NJ: higher priced homes
- 11722, NY: higher priced homes
- 17402, PA: higher priced homes
- 17404, PA: higher priced homes
- 42104, KY: higher priced homes
- 92672, CA: higher priced homes
- 60477, IL: higher priced homes
- 61201, IL: less expensive homes
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