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Expensive
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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 $142,535, lower than the Michigan average of $196,062.
The average cost of rent is $714/mo in 49242, primarily driven by the current value of real estate in the 49242 area. While nearly 42.10% of residents own their homes outright in 49242, 31.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49242 is $4,526 per month. Households that rent pay about 15.78% of their income on rent here. 49242's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
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: equally priced 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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