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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 $172,301, lower than the Michigan average of $250,415.
The average cost of rent is $628/mo in 49862, primarily driven by the current value of real estate in the 49862 area. In 49862, 20.03% of households rent, and 52.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49862 is $4,770 per month. Households that rent pay about 13.16% of their income on rent here. 49862’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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
- 49884, MI: equally priced homes
- 49895, MI: higher 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: equally priced 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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