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These days, finding an affordable place to live in the 49316 area can be challenging. Home prices in 49316 are now at a median cost of $361,032, higher than the Michigan average of $250,415.
The average cost of rent is $1,434/mo in 49316, primarily driven by the current value of real estate in the 49316 area. In 49316, 12.03% of households rent, and 35.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49316 is $9,637 per month. Households that rent pay about 14.88% of their income on rent here. 49316’s most expensive areas are in the northeastern 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
- 49512, MI: less expensive homes
- 49508, MI: less expensive homes
- 49548, MI: less expensive homes
- 49302, MI: higher priced homes
- 49335, MI: less expensive homes
- 49315, MI: equally priced homes
- 49546, MI: higher priced homes
- 49333, MI: less expensive homes
- 49509, MI: less expensive homes
- 49507, MI: less expensive homes
Zip Codes with Similar Populations
- 85268, AZ: higher priced homes
- 37415, TN: less expensive homes
- 40205, KY: equally priced homes
- 43140, OH: less expensive homes
- 43212, OH: higher priced homes
- 48390, MI: less expensive homes
- 60706, IL: equally priced homes
- 63108, MO: equally priced homes
- 70510, LA: less expensive homes
- 77054, TX: less expensive homes
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