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These days, finding an affordable place to live in the 49840 area can be challenging. Home prices in 49840 are now at a median cost of $152,344, lower than the Michigan average of $196,062.
The average cost of rent is $728/mo in 49840, primarily driven by the current value of real estate in the 49840 area. While nearly 60.84% of residents own their homes outright in 49840, 7.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49840 is $4,480 per month. Households that rent pay about 16.24% of their income on rent here. 49840's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 49854, MI: less expensive homes
- 49838, MI: equally priced homes
- 49817, MI: equally priced homes
- 49827, MI: less expensive homes
- 49762, MI: less expensive homes
- 49878, MI: equally priced homes
- 49793, MI: less expensive homes
- 49872, MI: less expensive homes
- 49760, MI: less expensive homes
- 49880, MI: less expensive homes
Zip Codes with Similar Populations
- 02894, RI: higher priced homes
- 03875, NH: higher priced homes
- 04255, ME: higher priced homes
- 04859, ME: higher priced homes
- 05079, VT: higher priced homes
- 12457, NY: higher priced homes
- 12786, NY: higher priced homes
- 14825, NY: less expensive homes
- 64642, MO: less expensive homes
- 66510, KS: equally priced homes
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