The Most Affordable Neighborhoods in 49512, MI by Home Value

 

49512, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 49512 area can be challenging. Home prices in 49512 are now at a median cost of $203,547, higher than the Michigan average of $196,062.

The average cost of rent is $1,239/mo in 49512, primarily driven by the current value of real estate in the 49512 area. While nearly 36.30% of residents own their homes outright in 49512, 44.24% rent.

Housing affordability isn’t just about home prices, though. The average household income in 49512 is $6,086 per month. Households that rent pay about 20.35% of their income on rent here. 49512's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the zip.


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