49442, Muskegon, MI

The Muskegon zip code 49442 has a population of approximately 25,000 people. The median household income in this zip code is $50,000, and the median home value is $130,000. In terms of home equity, the Muskegon zip code 49442 has a homeownership rate of 68%, which is lower than the Michigan state average of 74%. This means that there are more homes that are not owned by their occupants than there are homes that are owned by their occupants.

One reason why there may be fewer homes that are owned by their occupants in the Muskegon zip code 49442 is because there is a high percentage of renters in this area. Approximately 36% of households in the Muskegon zip code 49442 are renters, which is higher than the Michigan state average of 27%. This means that many people in the Muskegon zip code 49442 do not have access to enough money to buy a home on their own.

Another factor that may contribute to fewer homes being owned by their occupants in the Muskegon zip code 49442 is how expensive it can be to buy a home here. The median price for a home in this area was $130,000 back in 2016, which was higher than the Michigan state average of $119,500. This means that it can be difficult for people who do not have enough money to buy a home on their own to purchase one here.