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These days, finding an affordable place to live in the 49240 area can be challenging. Home prices in 49240 are now at a median cost of $242,847, higher than the Michigan average of $196,062.
The average cost of rent is $1,167/mo in 49240, primarily driven by the current value of real estate in the 49240 area. While nearly 35.51% of residents own their homes outright in 49240, 6.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49240 is $6,769 per month. Households that rent pay about 17.25% of their income on rent here. 49240's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 49254, MI: less expensive homes
- 49263, MI: less expensive homes
- 49261, MI: less expensive homes
- 49259, MI: less expensive homes
- 48118, MI: higher priced homes
- 49201, MI: less expensive homes
- 48158, MI: higher priced homes
- 49202, MI: less expensive homes
- 49272, MI: less expensive homes
- 49203, MI: less expensive homes
Zip Codes with Similar Populations
- 36604, AL: less expensive homes
- 46556, IN: less expensive homes
- 45121, OH: less expensive homes
- 44710, OH: less expensive homes
- 38651, MS: equally priced homes
- 38574, TN: less expensive homes
- 37877, TN: less expensive homes
- 37861, TN: less expensive homes
- 37825, TN: less expensive homes
- 36853, AL: higher priced homes
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