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These days, finding an affordable place to live in the 49740 area can be challenging. Home prices in 49740 are now at a median cost of $374,971, higher than the Michigan average of $250,415.
The average cost of rent is $908/mo in 49740, primarily driven by the current value of real estate in the 49740 area. In 49740, 14.10% of households rent, and 45.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49740 is $7,338 per month. Households that rent pay about 12.37% of their income on rent here. 49740’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 49722, MI: less expensive homes
- 49770, MI: equally priced homes
- 49764, MI: less expensive homes
- 49706, MI: less expensive homes
- 49769, MI: less expensive homes
- 49716, MI: less expensive homes
- 49720, MI: less expensive homes
- 49791, MI: less expensive homes
- 49749, MI: less expensive homes
- 49705, MI: less expensive homes
Zip Codes with Similar Populations
- 01464, MA: higher priced homes
- 95693, CA: higher priced homes
- 96738, HI: higher priced homes
- 97411, OR: higher priced homes
- 97537, OR: equally priced homes
- 98014, WA: higher priced homes
- 98239, WA: higher priced homes
- 98337, WA: higher priced homes
- 11507, NY: higher priced homes
- 08758, NJ: higher priced homes
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