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These days, finding an affordable place to live in the 49505 area can be challenging. Home prices in 49505 are now at a median cost of $261,390, higher than the Michigan average of $250,415.
The average cost of rent is $1,388/mo in 49505, primarily driven by the current value of real estate in the 49505 area. In 49505, 34.25% of households rent, and 33.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49505 is $6,296 per month. Households that rent pay about 22.04% of their income on rent here. 49505’s most expensive areas are in the southeastern 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
- 49503, MI: equally priced homes
- 49525, MI: higher priced homes
- 49504, MI: equally priced homes
- 49506, MI: higher priced homes
- 49544, MI: equally priced homes
- 49321, MI: equally priced homes
- 49507, MI: less expensive homes
- 49306, MI: higher priced homes
- 49546, MI: higher priced homes
- 49509, MI: less expensive homes
Zip Codes with Similar Populations
- 06811, CT: higher priced homes
- 08003, NJ: higher priced homes
- 08822, NJ: higher priced homes
- 17022, PA: higher priced homes
- 19130, PA: higher priced homes
- 28211, NC: higher priced homes
- 32086, FL: higher priced homes
- 85031, AZ: equally priced homes
- 55347, MN: higher priced homes
- 55378, MN: higher priced homes
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