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These days, finding an affordable place to live in the 49508 area can be challenging. Home prices in 49508 are now at a median cost of $289,374, higher than the Michigan average of $250,415.
The average cost of rent is $1,341/mo in 49508, primarily driven by the current value of real estate in the 49508 area. In 49508, 38.38% of households rent, and 33.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49508 is $6,715 per month. Households that rent pay about 19.97% of their income on rent here. 49508’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 49548, MI: less expensive homes
- 49512, MI: equally priced homes
- 49509, MI: less expensive homes
- 49507, MI: less expensive homes
- 49506, MI: higher priced homes
- 49519, MI: less expensive homes
- 49546, MI: higher priced homes
- 49316, MI: higher priced homes
- 49315, MI: higher priced homes
- 49503, MI: equally priced homes
Zip Codes with Similar Populations
- 77004, TX: higher priced homes
- 48170, MI: higher priced homes
- 48183, MI: less expensive homes
- 49442, MI: less expensive homes
- 55330, MN: higher priced homes
- 58201, ND: equally priced homes
- 60660, IL: higher priced homes
- 63116, MO: less expensive homes
- 63304, MO: higher priced homes
- 70058, LA: less expensive homes
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