How much is a home worth in ZIP code 49509?

The typical home in 49509 is worth $263,830, based on the Zillow Home Value Index.

Are home values rising in 49509?

Home values in 49509 are up 3.4% over the past year, and up 6.7% a year over five years.

What is the typical rent in 49509?

A typical home in 49509 rents for about $1,568 a month, a gross rental yield of 7.1%.

What is the property tax rate in 49509?

The effective property tax rate in 49509 is 1.2% — roughly $3,138 a year on a typical home.

ZIP code 49509 has a population of 28,152 and a median household income of $65,132.

HousingHandbookReference data

…

U.S. ZIP Code · MI49509

Kent County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$263,830^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.4%
5-year / yr: +6.7%
10-year / yr: +9.5%

Relative price

vs U.S.: -7.1%
vs metro: -13.9%
vs state: +10.3%

Price history

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

The typical home in 49509 is worth $263,830 — 13.9% below the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 3.4%. Homes here rent for a typical $1,568 a month — a 7.1% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,568^[2]
Gross yield: 7.1%^[2]
Cap rate: 4.3%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $3,138^[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: 28,152^[3]
Median household income: $65,132^[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: 10
Elementary: 4
Middle: 2
High: 4

Wyoming High School
High · Grades 9–12 · Wyoming Public Schools
1,283 students
Wyoming Intermediate
Middle · Grades 5–6 · Wyoming Public Schools
600 students
Lee High School
High · Grades 9–12 · Godfrey-Lee Public Schools
508 students
West Godwin Elementary School
Elementary · Grades K–2 · Godwin Heights Public Schools
430 students
Lee Middle School
Middle · Grades 6–8 · Godfrey-Lee Public Schools
386 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 yield7.1%

Net yield (after ~40% expenses)4.3%

Annual rent$18,820

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$1,334

Loan principal$211,064

Down payment$52,766

Total interest paid$269,200

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 ratio1.16

Monthly cost to own$1,816

Monthly rent$1,568

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: 86th percentile^[1]
Rental yield: 96th percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49509?: The typical home in 49509 is worth $263,830, based on the Zillow Home Value Index.
Are home values rising in 49509?: Home values in 49509 are up 3.4% over the past year, and up 6.7% a year over five years.
What is the typical rent in 49509?: A typical home in 49509 rents for about $1,568 a month, a gross rental yield of 7.1%.
What is the property tax rate in 49509?: The effective property tax rate in 49509 is 1.2% — roughly $3,138 a year on a typical home.
Who lives in 49509?: ZIP code 49509 has a population of 28,152 and a median household income of $65,132.

#Comparable ZIPs

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

48897 vs 49509 →
Woodland, MI
Typical home
$264,260
Gross yield
—
48849 vs 49509 →
Lake Odessa, MI
Typical home
$260,435
Gross yield
—
48809
Belding, MI
Typical home
$269,944
Gross yield
—
49058
Hastings, MI
Typical home
$270,298
Gross yield
—
49046
Delton CDP, MI
Typical home
$270,309
Gross yield
—
48838
Greenville, MI
Typical home
$271,118
Gross yield
6.9%

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Pit ZIP 49509 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MI49509

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