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These days, finding an affordable place to live in the 49245 area can be challenging. Home prices in 49245 are now at a median cost of $115,631, lower than the Michigan average of $196,062.
The average cost of rent is $778/mo in 49245, primarily driven by the current value of real estate in the 49245 area. While nearly 50.54% of residents own their homes outright in 49245, 24.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49245 is $4,758 per month. Households that rent pay about 16.36% of their income on rent here. 49245's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 49252, MI: equally priced homes
- 49092, MI: equally priced homes
- 49237, MI: higher priced homes
- 49224, MI: less expensive homes
- 49068, MI: higher priced homes
- 49241, MI: higher priced homes
- 49250, MI: equally priced homes
- 49029, MI: higher priced homes
- 49283, MI: higher priced homes
- 49269, MI: higher priced homes
Zip Codes with Similar Populations
- 99505, AK: higher priced homes
- 96073, CA: higher priced homes
- 54742, WI: higher priced homes
- 70032, LA: higher priced homes
- 54840, WI: higher priced homes
- 55921, MN: higher priced homes
- 55923, MN: higher priced homes
- 60165, IL: higher priced homes
- 60203, IL: higher priced homes
- 60420, IL: higher priced homes
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