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Concord village, MI

ZIP 49237 — 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 49237

Median Home Value
$179,300
Median Rent
$621
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,152/mo PITI).

11%
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.

24.1 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 49237 in Concord village, 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 $1,152. That sits below the local median household income ($66,667), 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
91.3%+40% vs US avg
x
Vacancy Rate
7.7%-26% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
2.0%-96% vs US avg
x
Mortgage-Free
49.9%+31% vs US avg
x
$179,300
Home Value
$621
Rent
1967
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached86.2%
  • 1-unit attached0.0%
  • 2-9 units5.1%
  • 10+ units0.0%
  • Mobile home & other8.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$179,300
Median rent$621
Owner-occupied91.3%
Vacant7.7%
Price-to-income2.7x
Est. income to buy$49,000