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These days, finding an affordable place to live in the 49307 area can be challenging. Home prices in 49307 are now at a median cost of $188,806, lower than the Michigan average of $250,415.
The average cost of rent is $970/mo in 49307, primarily driven by the current value of real estate in the 49307 area. In 49307, 36.98% of households rent, and 40.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49307 is $5,131 per month. Households that rent pay about 18.91% of their income on rent here. 49307’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 49338, MI: less expensive homes
- 49342, MI: equally priced homes
- 49346, MI: higher priced homes
- 49320, MI: higher priced homes
- 49332, MI: less expensive homes
- 49336, MI: less expensive homes
- 49349, MI: less expensive homes
- 49305, MI: less expensive homes
- 49312, MI: less expensive homes
- 49340, MI: equally priced homes
Zip Codes with Similar Populations
- 75801, TX: less expensive homes
- 37771, TN: higher priced homes
- 44092, OH: higher priced homes
- 46064, IN: higher priced homes
- 48324, MI: higher priced homes
- 49321, MI: higher priced homes
- 55306, MN: higher priced homes
- 56304, MN: higher priced homes
- 60433, IL: less expensive homes
- 60478, IL: equally priced homes
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