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Niles city, MI

ZIP 49120 — 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 49120

Median Home Value
$166,800
Median Rent
$737
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,071/mo PITI).

14%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.9 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 49120 in Niles city, MI, a household would need roughly $46,000 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 $1,071. That sits below the local median household income ($61,940), 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
78.5%+20% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
9.8%-23% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
39.1%+2% vs US avg
x
$166,800
Home Value
$737
Rent
1963
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached81.7%
  • 1-unit attached1.4%
  • 2-9 units6.1%
  • 10+ units7.5%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$166,800
Median rent$737
Owner-occupied78.5%
Vacant5.7%
Price-to-income2.7x
Est. income to buy$46,000