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These days, finding an affordable place to live in the 49862 area can be challenging. Home prices in 49862 are now at a median cost of $134,759, lower than the Michigan average of $196,062.
The average cost of rent is $674/mo in 49862, primarily driven by the current value of real estate in the 49862 area. While nearly 52.45% of residents own their homes outright in 49862, 23.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49862 is $3,765 per month. Households that rent pay about 17.90% of their income on rent here. 49862's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 49884, MI: equally priced homes
- 49895, MI: equally priced homes
- 49806, MI: higher priced homes
- 49816, MI: higher priced homes
- 49825, MI: higher priced homes
- 49826, MI: higher priced homes
- 49822, MI: higher priced homes
- 49891, MI: higher priced homes
- 49885, MI: higher priced homes
- 49883, MI: less expensive homes
Zip Codes with Similar Populations
- 65483, MO: less expensive homes
- 45252, OH: higher priced homes
- 01240, MA: higher priced homes
- 45846, OH: higher priced homes
- 45869, OH: higher priced homes
- 46126, IN: higher priced homes
- 46554, IN: higher priced homes
- 63957, MO: less expensive homes
- 64844, MO: less expensive homes
- 65037, MO: higher priced homes
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