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These days, finding an affordable place to live in the 49887 area can be challenging. Home prices in 49887 are now at a median cost of $123,836, lower than the Michigan average of $196,062.
The average cost of rent is $704/mo in 49887, primarily driven by the current value of real estate in the 49887 area. While nearly 54.53% of residents own their homes outright in 49887, 15.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 49887 is $4,145 per month. Households that rent pay about 16.98% of their income on rent here. 49887's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 49848, MI: equally priced homes
- 49821, MI: equally priced homes
- 49812, MI: higher priced homes
- 54177, WI: higher priced homes
- 54102, WI: higher priced homes
- 54156, WI: equally priced homes
- 54104, WI: equally priced homes
- 54246, WI: higher priced homes
- 54138, WI: higher priced homes
- 54175, WI: higher priced homes
Zip Codes with Similar Populations
- 38450, TN: less expensive homes
- 12583, NY: higher priced homes
- 14012, NY: higher priced homes
- 14873, NY: less expensive homes
- 16637, PA: equally priced homes
- 17098, PA: less expensive homes
- 29126, SC: higher priced homes
- 17887, PA: higher priced homes
- 24174, VA: higher priced homes
- 56750, MN: higher priced homes
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