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These days, finding an affordable place to live in the 49305 area can be challenging. Home prices in 49305 are now at a median cost of $94,039, lower than the Michigan average of $196,062.
The average cost of rent is $716/mo in 49305, primarily driven by the current value of real estate in the 49305 area. While nearly 55.22% of residents own their homes outright in 49305, 13.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49305 is $3,833 per month. Households that rent pay about 18.68% of their income on rent here. 49305's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 49320, MI: higher priced homes
- 49679, MI: higher priced homes
- 49342, MI: higher priced homes
- 49332, MI: higher priced homes
- 49340, MI: higher priced homes
- 48893, MI: higher priced homes
- 48632, MI: equally priced homes
- 49631, MI: higher priced homes
- 49639, MI: equally priced homes
- 48622, MI: higher priced homes
Zip Codes with Similar Populations
- 05440, VT: higher priced homes
- 08026, NJ: higher priced homes
- 12197, NY: higher priced homes
- 16881, PA: less expensive homes
- 18325, PA: higher priced homes
- 21874, MD: higher priced homes
- 23898, VA: higher priced homes
- 25442, WV: higher priced homes
- 26149, WV: higher priced homes
- 29404, SC: higher priced homes
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