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These days, finding an affordable place to live in the 49203 area can be challenging. Home prices in 49203 are now at a median cost of $149,543, lower than the Michigan average of $250,415.
The average cost of rent is $1,029/mo in 49203, primarily driven by the current value of real estate in the 49203 area. In 49203, 32.46% of households rent, and 45.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49203 is $4,898 per month. Households that rent pay about 21.00% of their income on rent here. 49203’s most expensive areas are in the southwestern 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
- 49201, MI: higher priced homes
- 49202, MI: less expensive homes
- 49254, MI: higher priced homes
- 49283, MI: higher priced homes
- 49234, MI: higher priced homes
- 49246, MI: higher priced homes
- 49269, MI: higher priced homes
- 49261, MI: higher priced homes
- 49277, MI: higher priced homes
- 49272, MI: higher priced homes
Zip Codes with Similar Populations
- 58503, ND: higher priced homes
- 10026, NY: higher priced homes
- 76106, TX: higher priced homes
- 19901, DE: higher priced homes
- 33813, FL: higher priced homes
- 98168, WA: higher priced homes
- 78717, TX: higher priced homes
- 38018, TN: higher priced homes
- 27030, NC: higher priced homes
- 90005, CA: higher priced homes
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