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These days, finding an affordable place to live in the 49861 area can be challenging. Home prices in 49861 are now at a median cost of $140,670, lower than the Michigan average of $196,062.
The average cost of rent is $653/mo in 49861, primarily driven by the current value of real estate in the 49861 area. While nearly 55.42% of residents own their homes outright in 49861, 6.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49861 is $5,013 per month. Households that rent pay about 13.02% of their income on rent here. 49861's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 49814, MI: equally priced homes
- 49919, MI: higher priced homes
- 49849, MI: less expensive homes
- 49970, MI: higher priced homes
- 49866, MI: higher priced homes
- 49871, MI: less expensive homes
- 49961, MI: less expensive homes
- 49855, MI: higher priced homes
- 49967, MI: less expensive homes
- 49912, MI: less expensive homes
Zip Codes with Similar Populations
- 89046, NV: less expensive homes
- 25024, WV: less expensive homes
- 25268, WV: less expensive homes
- 26264, WV: less expensive homes
- 26722, WV: equally priced homes
- 27965, NC: higher priced homes
- 28511, NC: less expensive homes
- 29915, SC: higher priced homes
- 32509, FL: higher priced homes
- 33855, FL: higher priced homes
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