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ZIP 49023 — Housing & Real Estate

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

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49023

Median Home Value
$214,000
Median Rent
$472
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,375/mo PITI).

30%
Rent-to-Income Ratio

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

11.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

37.8 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 49023, a household would need roughly $59,000 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 $1,375. That is about 208% above the local median household income ($19,183), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
9.1%-86% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
58.0%-33% vs US avg
x
4+ Bedrooms
0.8%-95% vs US avg
x
Built Pre-1939
3.1%-75% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
32.6%-34% vs US avg
x
Mortgage-Free
47.0%+23% vs US avg
x
$214,000
Home Value
$472
Rent
1958
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 detached22.5%
  • 1-unit attached2.0%
  • 2-9 units22.7%
  • 10+ units52.0%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$214,000
Median rent$472
Owner-occupied9.1%
Vacant13.2%
Price-to-income11.2x
Est. income to buy$59,000