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These days, finding an affordable place to live in the 49242 area can be challenging. Home prices in 49242 are now at a median cost of $182,969, lower than the Michigan average of $250,415.
The average cost of rent is $746/mo in 49242, primarily driven by the current value of real estate in the 49242 area. In 49242, 26.77% of households rent, and 40.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49242 is $5,092 per month. Households that rent pay about 14.65% of their income on rent here. 49242’s most expensive areas are in the eastern 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
- 49266, MI: equally priced homes
- 49250, MI: less expensive homes
- 49227, MI: equally priced homes
- 49262, MI: less expensive homes
- 49274, MI: less expensive homes
- 49271, MI: less expensive homes
- 49252, MI: less expensive homes
- 49082, MI: equally priced homes
- 49249, MI: higher priced homes
- 49282, MI: higher priced homes
Zip Codes with Similar Populations
- 80924, CO: higher priced homes
- 23221, VA: higher priced homes
- 25314, WV: higher priced homes
- 33136, FL: higher priced homes
- 33330, FL: higher priced homes
- 33972, FL: higher priced homes
- 76022, TX: higher priced homes
- 76306, TX: less expensive homes
- 78611, TX: higher priced homes
- 01835, MA: higher priced homes
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