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, MI

ZIP 49340 — 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 49340

Median Home Value
$150,000
Median Rent
$509
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$964/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.

24.6 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 49340 in MI, a household would need roughly $41,000 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 $964. That sits below the local median household income ($55,568), 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
82.5%+26% vs US avg
x
Vacancy Rate
16.0%+55% vs US avg
x
Broadband Access
78.4%-10% vs US avg
x
4+ Bedrooms
6.4%-57% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
18.6%-63% vs US avg
x
Mortgage-Free
56.3%+47% vs US avg
x
$150,000
Home Value
$509
Rent
1983
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached76.6%
  • 1-unit attached0.5%
  • 2-9 units2.1%
  • 10+ units1.7%
  • Mobile home & other19.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,000
Median rent$509
Owner-occupied82.5%
Vacant16.0%
Price-to-income2.7x
Est. income to buy$41,000