How much is a home worth in ZIP code 49115?

The typical home in 49115 is worth $829,194, based on the Zillow Home Value Index.

Are home values rising in 49115?

Home values in 49115 are up 7.2% over the past year.

HousingHandbookReference data

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U.S. ZIP Code · MI49115

Berrien County · Niles, MI

Typical home value

$829,194^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +7.2%
5-year / yr: —
10-year / yr: —

Relative price

vs U.S.: +191.9%
vs metro: +163.3%
vs state: +246.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49115 is worth $829,194 — 163.3% above the Niles, MI median. Over the past year, values have risen 7.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: —^[2]
Gross yield: —^[2]
Cap rate: —^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: —^[3]
Typical annual tax: —^[3]

#Climate risk

FEMA National Risk Index ratings for Berrien County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Very Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 147^[3]
Median household income: —^[3]

#Migration

Household moves in and out of Berrien County over a year, from IRS tax-return data.

Net migration: -321^[5]
Moved in: 3,299
Moved out: 3,620

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield—

Net yield (after ~40% expenses)—

Annual rent—

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,193

Loan principal$663,355

Down payment$165,839

Total interest paid$846,072

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio—

Monthly cost to own$5,713

Monthly rent—

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: —^[1]
Rental yield: —^[2]
Property tax: —^[3]

Frequently asked

How much is a home worth in ZIP code 49115?: The typical home in 49115 is worth $829,194, based on the Zillow Home Value Index.
Are home values rising in 49115?: Home values in 49115 are up 7.2% over the past year.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

49129 vs 49115 →
MI
Typical home
$770,998
Gross yield
—
49116 vs 49115 →
MI
Typical home
$936,957
Gross yield
—
49117
New Buffalo, MI
Typical home
$658,329
Gross yield
—
49125
Shorewood-Tower Hills-Harbert CDP, MI
Typical home
$443,875
Gross yield
—
49128
Three Oaks, MI
Typical home
$355,985
Gross yield
—
49106
Bridgman, MI
Typical home
$345,168
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49115

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