How much is a home worth in ZIP code 49507?

The typical home in 49507 is worth $242,181, based on the Zillow Home Value Index.

Are home values rising in 49507?

Home values in 49507 are up 2.0% over the past year, and up 5.7% a year over five years.

What is the typical rent in 49507?

A typical home in 49507 rents for about $1,640 a month, a gross rental yield of 8.1%.

What is the property tax rate in 49507?

The effective property tax rate in 49507 is 1.0% — roughly $2,370 a year on a typical home.

ZIP code 49507 has a population of 38,487 and a median household income of $61,461.

HousingHandbookReference data

…

U.S. ZIP Code · MI49507

Kent County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$242,181^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.0%
5-year / yr: +5.7%
10-year / yr: +11.1%

Relative price

vs U.S.: -14.7%
vs metro: -21.0%
vs state: +1.3%

Price history

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

The typical home in 49507 is worth $242,181 — 21.0% below the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 2.0%. Homes here rent for a typical $1,640 a month — a 8.1% 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: $1,640^[2]
Gross yield: 8.1%^[2]
Cap rate: 4.9%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,370^[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: 38,487^[3]
Median household income: $61,461^[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: 11
Elementary: 6
Middle: 2
High: 2

Burton Middle School
Middle · Grades 6–8 · Grand Rapids Public Schools
444 students
Buchanan Elementary
Elementary · Grades PK–5 · Grand Rapids Public Schools
387 students
Burton Elementary
Elementary · Grades PK–5 · Grand Rapids Public Schools
380 students
Alger Middle School
Middle · Grades 6–8 · Grand Rapids Public Schools
358 students
Hope Academy of West Michigan
Other · Grades PK–12 · Hope Academy of West Michigan
314 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 yield8.1%

Net yield (after ~40% expenses)4.9%

Annual rent$19,680

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$1,225

Loan principal$193,745

Down payment$48,436

Total interest paid$247,111

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 ratio0.99

Monthly cost to own$1,624

Monthly rent$1,640

Owning and renting are roughly even.

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: 36th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 34th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49507?: The typical home in 49507 is worth $242,181, based on the Zillow Home Value Index.
Are home values rising in 49507?: Home values in 49507 are up 2.0% over the past year, and up 5.7% a year over five years.
What is the typical rent in 49507?: A typical home in 49507 rents for about $1,640 a month, a gross rental yield of 8.1%.
What is the property tax rate in 49507?: The effective property tax rate in 49507 is 1.0% — roughly $2,370 a year on a typical home.
Who lives in 49507?: ZIP code 49507 has a population of 38,487 and a median household income of $61,461.

#Comparable ZIPs

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

48860 vs 49507 →
Muir, MI
Typical home
$239,908
Gross yield
—
49322 vs 49507 →
MI
Typical home
$239,087
Gross yield
—
48834
Palo CDP, MI
Typical home
$236,508
Gross yield
—
48885
MI
Typical home
$235,994
Gross yield
—
48851
Lyons, MI
Typical home
$250,627
Gross yield
—
49347
Trufant CDP, MI
Typical home
$232,385
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49507

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