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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 $193,188, lower than the Michigan average of $250,415.
The average cost of rent is $1,189/mo in 49840, primarily driven by the current value of real estate in the 49840 area. In 49840, 5.98% of households rent, and 58.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49840 is $5,268 per month. Households that rent pay about 22.56% of their income on rent here. 49840’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 49854, MI: less expensive homes
- 49838, MI: higher priced homes
- 49817, MI: higher priced homes
- 49827, MI: less expensive homes
- 49762, MI: less expensive homes
- 49878, MI: less expensive homes
- 49793, MI: less expensive homes
- 49872, MI: equally priced 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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