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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 $193,155, lower than the Michigan average of $250,415.
The average cost of rent is $1,209/mo in 49507, primarily driven by the current value of real estate in the 49507 area. In 49507, 38.24% of households rent, and 38.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49507 is $5,567 per month. Households that rent pay about 21.72% of their income on rent here. 49507’s most expensive areas are in the southern regions, while the cheapest areas are in the western 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
- 49506, MI: higher priced homes
- 49503, MI: higher priced homes
- 49509, MI: equally 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: equally priced homes
- 54901, WI: equally priced homes
- 85027, AZ: higher priced homes
- 78132, TX: higher priced homes
- 75077, TX: higher priced homes
- 64804, MO: equally priced homes
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