USA.com / Michigan / Kent County / Grand Rapids, MI / 49508 / Housing

49508 Zip Code Housing

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As of 2010-2014, median price of a house in 49508 Zip Code is $129,000, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The 49508 Zip Code median house value has grown by 1.34% since 2000. The growth rate for the price of a house in 49508 Zip Code is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in 49508 Zip Code was built is 1977, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 9,191 Owner Occupied Houses in 49508 Zip Code, see rank

49508 Zip Code	129,000 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, see rank

49508 Zip Code	1.34%
Michigan	3.98%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	49508 Zip Code	Michigan	U.S.
Total Housing Units	16,243, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	15,565, 95.83%, see rank	84.45%	87.55%
Owner Occupied	9,191, 56.58%, see rank	60.41%	56.34%
Renter Occupied	6,374, 39.24%, see rank	24.04%	31.21%
Vacant Housing Units	678, 4.17%, see rank	15.55%	12.45%
For Rent	231, 1.42%, see rank	1.84%	2.34%
For Sale Only	154, 0.95%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	25, 0.15%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	268, 1.65%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #245

49508 Zip Code	Michigan	U.S.
1977	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	49508 Zip Code	%	Michigan	U.S.
Owner-Occupied Units	9,191	100%	2,738,012	74,787,460
With a Mortgage	6,885	74.91%, see rank	63.63%	65.58%
Without a Mortgage	2,306	25.09%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

49508 Zip Code	1,231 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	49508 Zip Code	%	Michigan	U.S.
$299 or Less	51	0.74%, see rank	0.19%	0.20%
$300 to $499	76	1.10%, see rank	1.88%	1.59%
$500 to $699	378	5.49%, see rank	6.65%	5.01%
$700 to $999	1,098	15.95%, see rank	19.56%	14.32%
$1,000 to $1,499	3,626	52.67%, see rank	34.69%	27.90%
$1,500 to $1,999	1,243	18.05%, see rank	20.06%	20.35%
$2,000 to $2,999	385	5.59%, see rank	12.84%	19.52%
$3,000 or More	28	0.41%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

49508 Zip Code	21.60% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	49508 Zip Code	%	Michigan	U.S.
10% or Less	517	7.51%, see rank	5.90%	5.86%
10% to 20%	2,515	36.53%, see rank	35.28%	31.95%
20% to 30%	2,002	29.08%, see rank	27.51%	27.64%
30% to 40%	839	12.19%, see rank	12.63%	13.74%
40% or More	961	13.96%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

49508 Zip Code	448 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	49508 Zip Code	%	Michigan	U.S.
$199 or Less	124	5.38%, see rank	4.74%	7.76%
$200 to $299	117	5.07%, see rank	12.46%	14.70%
$300 to $499	1,282	55.59%, see rank	40.41%	34.63%
$500 to $699	652	28.27%, see rank	25.95%	21.16%
$700 or More	131	5.68%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

49508 Zip Code	11.80% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	49508 Zip Code	%	Michigan	U.S.
10% or Less	991	42.97%, see rank	35.33%	40.19%
10% to 20%	695	30.14%, see rank	33.76%	31.47%
20% to 30%	215	9.32%, see rank	13.39%	12.24%
30% to 40%	259	11.23%, see rank	6.18%	5.64%
40% or More	146	6.33%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	49508 Zip Code	Michigan	U.S.
Total Housing Units	16,243, 100%	4,532,719	132,741,033
1-unit, Detached	8,780, 54.05%, see rank	71.97%	61.65%
1-unit, Attached	1,954, 12.03%, see rank	4.66%	5.82%
2 Units	313, 1.93%, see rank	2.58%	3.75%
3 or 4 Units	873, 5.37%, see rank	2.56%	4.43%
5 to 9 Units	1,060, 6.53%, see rank	4.20%	4.78%
10 or More Units	2,951, 18.17%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	312, 1.92%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	49508 Zip Code	Michigan	U.S.
Total Housing Units	16,243, 100%	4,532,719	132,741,033
1 Room	195, 1.20%, see rank	1.24%	1.95%
2 Rooms	429, 2.64%, see rank	1.78%	2.48%
3 Rooms	1,333, 8.21%, see rank	7.14%	9.13%
4 Rooms	2,500, 15.39%, see rank	14.38%	16.60%
5 Rooms	2,134, 13.14%, see rank	21.00%	20.41%
6 Rooms	2,964, 18.25%, see rank	20.07%	18.06%
7 Rooms	2,400, 14.78%, see rank	13.45%	12.27%
8 Rooms	1,872, 11.52%, see rank	9.27%	8.48%
9 Rooms or More	2,416, 14.87%, see rank	11.67%	10.60%
Median Rooms	6.00, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	49508 Zip Code	Michigan	U.S.
Total Housing Units	16,243, 100%	4,532,719	132,741,033
No Bedroom	206, 1.27%, see rank	1.35%	2.17%
1 Bedroom	2,043, 12.58%, see rank	9.11%	11.16%
2 Bedrooms	4,193, 25.81%, see rank	26.33%	26.69%
3 Bedrooms	6,710, 41.31%, see rank	43.93%	39.70%
4 Bedrooms	2,685, 16.53%, see rank	15.80%	16.05%
5 or More Bedrooms	406, 2.50%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	49508 Zip Code	Michigan	U.S.
Total Housing Units	15,565, 100%	3,827,880	116,211,092
Utility Gas	14,196, 91.20%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	99, 0.64%, see rank	8.48%	4.86%
Electricity	1,200, 7.71%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	6, 0.04%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	31, 0.20%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	8, 0.05%, see rank	0.86%	0.47%
No Fuel Used	25, 0.16%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	49508 Zip Code	Michigan	U.S.
Occupied Units Paying Rent	6,194, 100%	1,028,835	39,201,928
$199 or Less	50, 0.81%, see rank	1.86%	1.50%
$200 to $299	137, 2.21%, see rank	3.88%	3.18%
$300 to $499	380, 6.13%, see rank	9.32%	7.37%
$500 to $699	1,720, 27.77%, see rank	23.63%	16.01%
$700 to $999	2,517, 40.64%, see rank	35.23%	29.17%
$1,000 to $1,499	1,014, 16.37%, see rank	20.17%	26.88%
$1,500 to $1,999	349, 5.63%, see rank	3.85%	9.79%
$2,000 or More	27, 0.44%, see rank	2.06%	6.10%
Median	$770, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	49508 Zip Code	Michigan	U.S.
Occupied Housing Units	15,565, 100%	3,827,880	116,211,092
No Vehicles Available	1,358, 8.72%, see rank	7.97%	9.12%
1 Vehicles Available	5,465, 35.11%, see rank	35.06%	33.80%
2 Vehicles Available	6,120, 39.32%, see rank	38.45%	37.48%
3 or More Vehicles Available	2,622, 16.85%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.