How much is a home worth in ZIP code 49505?

The typical home in 49505 is worth $308,192, based on the Zillow Home Value Index.

Are home values rising in 49505?

Home values in 49505 are up 3.0% over the past year, and up 5.9% a year over five years.

What is the typical rent in 49505?

A typical home in 49505 rents for about $1,761 a month, a gross rental yield of 6.9%.

What is the property tax rate in 49505?

The effective property tax rate in 49505 is 1.0% — roughly $3,068 a year on a typical home.

ZIP code 49505 has a population of 32,426 and a median household income of $74,906.

HousingHandbookReference data

…

U.S. ZIP Code · MI49505

Kent County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$308,192^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.0%
5-year / yr: +5.9%
10-year / yr: +8.4%

Relative price

vs U.S.: +8.5%
vs metro: ≈ metro median
vs state: +28.9%

Price history

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

The typical home in 49505 is worth $308,192. Over the past year, values have risen 3.0%. Homes here rent for a typical $1,761 a month — a 6.9% gross rental yield. 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: $1,761^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,068^[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: 32,426^[3]
Median household income: $74,906^[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: 8
Elementary: 3
Middle: 2
High: 2

City MiddleHigh
High · Grades 7–12 · Grand Rapids Public Schools
927 students
Wellspring Preparatory High School
High · Grades 9–12 · Wellspring Preparatory High School
284 students
Riverside Middle School
Middle · Grades 6–8 · Grand Rapids Public Schools
244 students
Aberdeen Academy
Elementary · Grades PK–8 · Grand Rapids Public Schools
239 students
Kent Hills Elementary
Elementary · Grades PK–5 · Grand Rapids Public Schools
219 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.

Home value$Monthly rent$

Gross yield6.9%

Net yield (after ~40% expenses)4.1%

Annual rent$21,126

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$1,558

Loan principal$246,554

Down payment$61,638

Total interest paid$314,466

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 ratio1.18

Monthly cost to own$2,072

Monthly rent$1,761

Renting is meaningfully cheaper month-to-month.

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: 49th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 45th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49505?: The typical home in 49505 is worth $308,192, based on the Zillow Home Value Index.
Are home values rising in 49505?: Home values in 49505 are up 3.0% over the past year, and up 5.9% a year over five years.
What is the typical rent in 49505?: A typical home in 49505 rents for about $1,761 a month, a gross rental yield of 6.9%.
What is the property tax rate in 49505?: The effective property tax rate in 49505 is 1.0% — roughly $3,068 a year on a typical home.
Who lives in 49505?: ZIP code 49505 has a population of 32,426 and a median household income of $74,906.

#Comparable ZIPs

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

49326 vs 49505 →
MI
Typical home
$306,571
Gross yield
—
49343 vs 49505 →
Sand Lake, MI
Typical home
$309,972
Gross yield
—
49325
Freeport, MI
Typical home
$313,606
Gross yield
—
48815
Clarksville, MI
Typical home
$301,631
Gross yield
—
48881
Saranac, MI
Typical home
$298,168
Gross yield
—
49519
Wyoming, MI
Typical home
$297,477
Gross yield
5.9%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 49505 against any other ZIP — full side-by-side table.

Compare 49505 →

#Jump to section

U.S. ZIP Code · MI49505

Get more data on ZIPs like this

Get more data on ZIPs like this