The Most Affordable Neighborhoods in 49401, MI by Home Value

 

49401, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 49401 area can be challenging. Home prices in 49401 are now at a median cost of $203,077, higher than the Michigan average of $196,062.

The average cost of rent is $1,054/mo in 49401, primarily driven by the current value of real estate in the 49401 area. While nearly 32.45% of residents own their homes outright in 49401, 57.70% rent.

Housing affordability isn’t just about home prices, though. The average household income in 49401 is $4,831 per month. Households that rent pay about 21.83% of their income on rent here. 49401's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the zip.


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