US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49507
  5. Housing & Real Estate
Grand Rapids city, MI

ZIP 49507 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49507

Median Home Value
$179,600
Median Rent
$896
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,154/mo PITI).

19%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.7 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 49507 in Grand Rapids city, MI, a household would need roughly $49,000 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 $1,154. That sits below the local median household income ($56,578), 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
60.6%-7% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
89.6%+3% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
19.4%+52% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
30.4%-39% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$179,600
Home Value
$896
Rent
1942
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 detached76.9%
  • 1-unit attached2.7%
  • 2-9 units14.2%
  • 10+ units5.7%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$179,600
Median rent$896
Owner-occupied60.6%
Vacant3.6%
Price-to-income3.2x
Est. income to buy$49,000