How much is a home worth in ZIP code 49508?

The typical home in 49508 is worth $342,503, based on the Zillow Home Value Index.

Are home values rising in 49508?

Home values in 49508 are up 3.7% over the past year, and up 6.2% a year over five years.

What is the typical rent in 49508?

A typical home in 49508 rents for about $1,935 a month, a gross rental yield of 6.8%.

What is the property tax rate in 49508?

The effective property tax rate in 49508 is 1.1% — roughly $3,644 a year on a typical home.

ZIP code 49508 has a population of 42,720 and a median household income of $70,120.

HousingHandbookReference data

…

U.S. ZIP Code · MI49508

Kent County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$342,503^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.7%
5-year / yr: +6.2%
10-year / yr: +8.2%

Relative price

vs U.S.: +20.6%
vs metro: +11.7%
vs state: +43.2%

Price history

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

The typical home in 49508 is worth $342,503 — 11.7% above the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 3.7%. Homes here rent for a typical $1,935 a month — a 6.8% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,935^[2]
Gross yield: 6.8%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,644^[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: 42,720^[3]
Median household income: $70,120^[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: 13
Elementary: 9
Middle: 2
High: 1

East Kentwood High School
High · Grades 10–12 · Kentwood Public Schools
2,087 students
Pinewood Middle School
Middle · Grades 6–8 · Kentwood Public Schools
831 students
East Kentwood Freshman Campus
Secondary · Grades 9 · Kentwood Public Schools
718 students
Discovery Elementary
Elementary · Grades K–5 · Kentwood Public Schools
700 students
Valleywood Middle School
Middle · Grades 6–8 · Kentwood Public Schools
528 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 yield6.8%

Net yield (after ~40% expenses)4.1%

Annual rent$23,220

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$1,732

Loan principal$274,002

Down payment$68,501

Total interest paid$349,475

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 ratio1.20

Monthly cost to own$2,320

Monthly rent$1,935

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: 64th percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 75th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49508?: The typical home in 49508 is worth $342,503, based on the Zillow Home Value Index.
Are home values rising in 49508?: Home values in 49508 are up 3.7% over the past year, and up 6.2% a year over five years.
What is the typical rent in 49508?: A typical home in 49508 rents for about $1,935 a month, a gross rental yield of 6.8%.
What is the property tax rate in 49508?: The effective property tax rate in 49508 is 1.1% — roughly $3,644 a year on a typical home.
Who lives in 49508?: ZIP code 49508 has a population of 42,720 and a median household income of $70,120.

#Comparable ZIPs

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

49345 vs 49508 →
Sparta, MI
Typical home
$340,465
Gross yield
—
49544 vs 49508 →
Walker, MI
Typical home
$346,913
Gross yield
4.4%
49319
Cedar Springs, MI
Typical home
$347,186
Gross yield
—
49321
Comstock Park CDP, MI
Typical home
$352,460
Gross yield
4.1%
49330
Kent City, MI
Typical home
$332,180
Gross yield
—
49404
Coopersville, MI
Typical home
$357,905
Gross yield
—

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Pit ZIP 49508 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI49508

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