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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 $175,800, lower than the Michigan average of $196,062.
The average cost of rent is $588/mo in 49416, primarily driven by the current value of real estate in the 49416 area. While nearly 39.88% of residents own their homes outright in 49416, 4.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49416 is $6,572 per month. Households that rent pay about 8.95% 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.
Nearby Zip Codes
- 49408, MI: equally priced homes
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- 49453, MI: higher priced homes
- 49056, MI: less expensive homes
- 49419, MI: higher priced homes
- 49010, MI: less expensive homes
- 49328, MI: equally priced homes
- 49078, MI: less expensive homes
- 49070, MI: equally priced homes
Zip Codes with Similar Populations
- 79058, TX: equally priced homes
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- 58343, ND: less expensive homes
- 59077, MT: less expensive homes
- 59535, MT: higher priced homes
- 61468, IL: less expensive homes
- 76469, TX: less expensive homes
- 76685, TX: less expensive homes
- 76930, TX: less expensive homes
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