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Hillsdale city, MI

ZIP 49242 — 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 49242

Median Home Value
$182,900
Median Rent
$585
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,175/mo PITI).

12%
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.

26.1 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 49242 in Hillsdale city, MI, a household would need roughly $50,000 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 $1,175. That sits below the local median household income ($57,813), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.7%+10% vs US avg
x
Vacancy Rate
15.5%+51% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
5.8%-61% vs US avg
x
Built Pre-1939
6.5%-50% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
39.7%+4% vs US avg
x
$182,900
Home Value
$585
Rent
1963
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached75.3%
  • 1-unit attached0.4%
  • 2-9 units9.5%
  • 10+ units8.9%
  • Mobile home & other5.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$182,900
Median rent$585
Owner-occupied71.7%
Vacant15.5%
Price-to-income3.2x
Est. income to buy$50,000