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ZIP 49016 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49016

Median Home Value
$47,200
Median Rent
$719
Affordability Snapshot
$13,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$303/mo PITI).

23%
Rent-to-Income Ratio

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

1.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

5.5 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 49016, a household would need roughly $13,000 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 $303. That sits below the local median household income ($37,900), 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

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
42.5%-35% vs US avg
x
Vacancy Rate
12.1%+18% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
5.7%-56% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
73.7%+93% vs US avg
x
$47,200
Home Value
$719
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached63.6%
  • 1-unit attached1.6%
  • 2-9 units16.5%
  • 10+ units18.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$47,200
Median rent$719
Owner-occupied42.5%
Vacant12.1%
Price-to-income1.2x
Est. income to buy$13,000