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These days, finding an affordable place to live in the 49416 area can be challenging. Home prices in 49416 are now at a median cost of $302,300, higher than the Michigan average of $250,415.
The average cost of rent is $1,022/mo in 49416, primarily driven by the current value of real estate in the 49416 area. In 49416, 6.52% of households rent, and 41.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49416 is $7,500 per month. Households that rent pay about 13.63% of their income on rent here. 49416’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 49408, MI: less expensive homes
- 49450, MI: less expensive homes
- 49406, MI: higher priced homes
- 49453, MI: higher priced homes
- 49056, MI: less expensive homes
- 49419, MI: higher priced homes
- 49010, MI: less expensive homes
- 49328, MI: less expensive homes
- 49078, MI: less expensive homes
- 49070, MI: less expensive homes
Zip Codes with Similar Populations
- 79058, TX: less expensive homes
- 58313, ND: less expensive homes
- 58325, ND: less expensive homes
- 58343, ND: less expensive homes
- 59077, MT: less expensive homes
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- 61468, IL: less expensive homes
- 76469, TX: less expensive homes
- 76685, TX: less expensive homes
- 76930, TX: less expensive homes
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