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These days, finding an affordable place to live in the 49916 area can be challenging. Home prices in 49916 are now at a median cost of $193,085, lower than the Michigan average of $250,415.
The average cost of rent is $887/mo in 49916, primarily driven by the current value of real estate in the 49916 area. In 49916, 13.50% of households rent, and 50.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 49916 is $6,133 per month. Households that rent pay about 14.47% of their income on rent here. 49916’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 49921, MI: higher priced homes
- 49963, MI: less expensive homes
- 49955, MI: less expensive homes
- 49931, MI: higher priced homes
- 49922, MI: higher priced homes
- 49930, MI: equally priced homes
- 49905, MI: higher priced homes
- 49934, MI: less expensive homes
- 49945, MI: less expensive homes
- 49965, MI: equally priced homes
Zip Codes with Similar Populations
- 44864, OH: equally priced homes
- 71957, AR: less expensive homes
- 64644, MO: equally priced homes
- 62884, IL: less expensive homes
- 58540, ND: higher priced homes
- 85708, AZ: higher priced homes
- 07505, NJ: higher priced homes
- 48822, MI: higher priced homes
- 45882, OH: less expensive homes
- 42413, KY: less expensive homes
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