ZIP 49507 · Grand Rapids, Michigan

Population

38,487 people call ZIP 49507 home.

38,487

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 30% since the 2010–2014 survey, before inflation.

$1,108

a month. Michigan's median is $1,129.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$904–$1,356

is the monthly rent range local workforce wages support.

• $1,108 median

Supportable rent computed by the Almanac from 2021 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 93% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.4–0.6% to the 13,686 homes here.

61–77

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2021 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 14% less than Michigan's.

$199,300

median home value in ZIP 49507.

• $199,300 ZIP 49507
• $231,600 Michigan
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year