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These days, finding an affordable place to live in the 49616 area can be challenging. Home prices in 49616 are now at a median cost of $176,028, lower than the Michigan average of $196,062.
The average cost of rent is $807/mo in 49616, primarily driven by the current value of real estate in the 49616 area. While nearly 51.07% of residents own their homes outright in 49616, 7.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49616 is $4,204 per month. Households that rent pay about 19.19% of their income on rent here. 49616's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 49617, MI: higher priced homes
- 49635, MI: higher priced homes
- 49628, MI: higher priced homes
- 49640, MI: higher priced homes
- 49613, MI: higher priced homes
- 49683, MI: less expensive homes
- 49614, MI: less expensive homes
- 49625, MI: less expensive homes
- 49643, MI: higher priced homes
- 49637, MI: higher priced homes
Zip Codes with Similar Populations
- 89439, NV: higher priced homes
- 39176, MS: less expensive homes
- 38580, TN: less expensive homes
- 39870, GA: less expensive homes
- 31565, GA: equally priced homes
- 53561, WI: higher priced homes
- 67522, KS: less expensive homes
- 27007, NC: less expensive homes
- 24555, VA: equally priced homes
- 23960, VA: less expensive homes
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