HousingHandbookReference data

U.S. ZIP Code · MI49408

Allegan County

Typical home value

$359,668[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.7%
5-year / yr
+6.6%
10-year / yr
+7.7%

Relative price

vs U.S.
+26.6%
vs metro
vs state
+50.4%
ZIP 49408 location in MI
Location of ZIP 49408 in MI

Price history

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

The typical home in 49408 is worth $359,668. Over the past year, values have risen 8.7%. The effective property tax rate is 0.8%.

#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
0.8%[3]
Typical annual tax
$2,927[3]

#Climate risk

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

Overall risk
Relatively Low[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
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
10,288[3]
Median household income
$73,452[3]

#Migration

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

Net migration
+168[5]
Moved in
3,432
Moved out
3,264

Schools

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

Public schools
5
Elementary
2
Middle
1
High
2
  • Fennville Elementary School

    Elementary · Grades PK–5 · Fennville Public Schools

    529 students

  • Fennville Public High School

    High · Grades 9–12 · Fennville Public Schools

    396 students

  • Fennville Middle School

    Middle · Grades 6–8 · Fennville Public Schools

    288 students

  • Innocademy Allegan Campus

    Elementary · Grades PK–8 · Innocademy Allegan Campus

    95 students

  • Fennville Alternative High School

    High · Grades 9–12 · Fennville Public Schools

    43 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$1,819
Loan principal$287,734
Down payment$71,934
Total interest paid$366,989

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$2,361
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 49408?
The typical home in 49408 is worth $359,668, based on the Zillow Home Value Index.
Are home values rising in 49408?
Home values in 49408 are up 8.7% over the past year, and up 6.6% a year over five years.
What is the property tax rate in 49408?
The effective property tax rate in 49408 is 0.8% — roughly $2,927 a year on a typical home.
Who lives in 49408?
ZIP code 49408 has a population of 10,288 and a median household income of $73,452.

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Pit ZIP 49408 against any other ZIP — full side-by-side table.

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