HousingHandbookReference data

U.S. ZIP Code · MI49302

Kent County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$498,926[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.8%
5-year / yr
+6.8%
10-year / yr
+7.3%

Relative price

vs U.S.
+75.6%
vs metro
+62.7%
vs state
+108.7%
ZIP 49302 location in MI
Location of ZIP 49302 in MI

Price history

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

The typical home in 49302 is worth $498,926 — 62.7% above the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 5.8%. The effective property tax rate is 1.0%.

#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
1.0%[3]
Typical annual tax
$4,996[3]

#Climate risk

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

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
9,754[3]
Median household income
$134,722[3]

#Migration

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

Net migration
-268[5]
Moved in
15,196
Moved out
15,464

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
2
Middle
0
High
0
  • Alto Elementary School

    Elementary · Grades PK–5 · Lowell Area Schools

    404 students

  • Kettle Lake Elementary School

    Elementary · Grades K–4 · Caledonia Community Schools

    359 students

Run the numbers

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

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.

Monthly payment$2,523
Loan principal$399,140
Down payment$99,785
Total interest paid$509,082

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.

Own : rent ratio
Monthly cost to own$3,354
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
89th percentile[1]
Rental yield
[2]
Property tax
49th percentile[3]

Frequently asked

How much is a home worth in ZIP code 49302?
The typical home in 49302 is worth $498,926, based on the Zillow Home Value Index.
Are home values rising in 49302?
Home values in 49302 are up 5.8% over the past year, and up 6.8% a year over five years.
What is the property tax rate in 49302?
The effective property tax rate in 49302 is 1.0% — roughly $4,996 a year on a typical home.
Who lives in 49302?
ZIP code 49302 has a population of 9,754 and a median household income of $134,722.

#Comparable ZIPs

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

  • MI

    Typical home
    $500,719
    Gross yield
  • MI

    Typical home
    $494,576
    Gross yield
  • Forest Hills CDP, MI

    Typical home
    $508,794
    Gross yield
    4.1%
  • Byron Center CDP, MI

    Typical home
    $458,862
    Gross yield
  • Rockford, MI

    Typical home
    $457,417
    Gross yield
    5.2%
  • Caledonia, MI

    Typical home
    $440,039
    Gross yield

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