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Portage city, MI

ZIP 49024 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49024

Median Home Value
$248,700
Median Rent
$1,121
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,598/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49024 in Portage city, MI, a household would need roughly $68,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,598. That sits below the local median household income ($86,427), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.3%+3% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
0.8%-93% vs US avg
x
Built Post-2014
1.0%-85% vs US avg
x
Rent Burden >30%
14.8%-70% vs US avg
x
Mortgage-Free
35.0%-8% vs US avg
x
$248,700
Home Value
$1,121
Rent
1980
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.3%
  • 1-unit attached6.3%
  • 2-9 units11.2%
  • 10+ units14.9%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$248,700
Median rent$1,121
Owner-occupied67.3%
Vacant3.9%
Price-to-income2.9x
Est. income to buy$68,000