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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 $249,419, lower than the Michigan average of $250,415.
The average cost of rent is $1,038/mo in 49616, primarily driven by the current value of real estate in the 49616 area. In 49616, 8.60% of households rent, and 50.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49616 is $4,913 per month. Households that rent pay about 21.13% of their income on rent here. 49616’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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
- 49617, MI: higher priced homes
- 49635, MI: higher priced homes
- 49628, MI: higher priced homes
- 49640, MI: higher priced homes
- 49613, MI: equally priced homes
- 49683, MI: less expensive homes
- 49614, MI: less expensive homes
- 49625, MI: less expensive homes
- 49643, MI: higher priced homes
- 49637, MI: equally 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: less expensive homes
- 23960, VA: less expensive homes
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