49525, Grand Rapids, MI

The Grand Rapids zip code 49525 has a population of around 197,000 people and is located in Michigan. The median household income in the zip code is around $59,000 which is higher than the national median household income of $53,046. The home equity and home prices in the zip code are both relatively high when compared to other areas of the country.

The average home value in the zip code is around $184,000 which is higher than the national average home value of $161,500. The percentage of homes that are owner-occupied in the zip code is around 69% which is higher than the national percentage of owner-occupied homes at 63%. The percentage of homes that are rented in the zip code is around 31% which is lower than the national percentage of rented homes at 34%.

There are a number of factors that may contribute to why there are more homes that are owned and rented in this particular zip code when compared to other areas across America. One reason could be that Grand Rapids has a relatively low rate of unemployment which could make it more attractive for people to buy a home rather than rent one. Additionally, Grand Rapids has a strong economy with an abundance of jobs available so it may be easier for people to afford a home even if they don’t have any savings or retirement funds saved up. Finally, Grand Rapids has seen an increase in population over recent years so there may be more demand for housing stock overall due to increased demand from potential homeowners and renters alike.