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These days, finding an affordable place to live in the 49503 area can be challenging. Home prices in 49503 are now at a median cost of $275,294, higher than the Michigan average of $250,415.
The average cost of rent is $1,331/mo in 49503, primarily driven by the current value of real estate in the 49503 area. In 49503, 63.14% of households rent, and 40.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49503 is $5,609 per month. Households that rent pay about 23.73% of their income on rent here. 49503’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern 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
- 49507, MI: less expensive homes
- 49506, MI: higher priced homes
- 49504, MI: equally priced homes
- 49505, MI: equally priced homes
- 49509, MI: less expensive homes
- 49525, MI: higher priced homes
- 49544, MI: equally priced homes
- 49519, MI: equally priced homes
- 49546, MI: higher priced homes
- 49534, MI: higher priced homes
Zip Codes with Similar Populations
- 01702, MA: higher priced homes
- 99206, WA: higher priced homes
- 98584, WA: higher priced homes
- 95973, CA: higher priced homes
- 95821, CA: higher priced homes
- 91601, CA: higher priced homes
- 91311, CA: higher priced homes
- 90804, CA: higher priced homes
- 32258, FL: higher priced homes
- 30087, GA: higher priced homes
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