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These days, finding an affordable place to live in the 49507 area can be challenging. Home prices in 49507 are now at a median cost of $126,777, lower than the Michigan average of $196,062.
The average cost of rent is $1,009/mo in 49507, primarily driven by the current value of real estate in the 49507 area. While nearly 42.61% of residents own their homes outright in 49507, 39.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49507 is $4,244 per month. Households that rent pay about 23.77% of their income on rent here. 49507's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 49506, MI: higher priced homes
- 49503, MI: higher priced homes
- 49509, MI: higher priced homes
- 49519, MI: higher priced homes
- 49504, MI: higher priced homes
- 49508, MI: higher priced homes
- 49548, MI: less expensive homes
- 49505, MI: higher priced homes
- 49512, MI: higher priced homes
- 49546, MI: higher priced homes
Zip Codes with Similar Populations
- 00623, PR: less expensive homes
- 01545, MA: higher priced homes
- 98604, WA: higher priced homes
- 20152, VA: higher priced homes
- 27320, NC: higher priced homes
- 54901, WI: higher priced homes
- 85027, AZ: higher priced homes
- 78132, TX: higher priced homes
- 75077, TX: higher priced homes
- 64804, MO: higher priced homes
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