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ZIP Code · MI

ZIP 49002

Part of Portage, MI
Pop. 19,737·Kalamazoo County·71st most expensive ZIP in Michigan
Median rent (all units)
$1,500/mo
Year-over-Year
-18.1%
Month-over-Month
-12.6%
vs US Median
-$465
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 49002 · $1,500
More affordable than 74% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$750
1 BR
$900
2 BR
$1,070
3 BR
$1,410
4 BR+
$1,510
Research median
$1,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,000/yr
At $1,500/mo median
Location
StateMI
CountyKalamazoo County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 18.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-18.1% YoY, -12.6% MoM), not inventory.
Demographics

Who lives here

ZIP 49002 (Portage, MI) is majority owner-occupied, 41.5% of residents hold a bachelor's degree or higher.

Population
19,737
Median income
$73,647
Median age
39.6
Renters
29.3%
Age distribution
20.9%
23.4%
23.8%
12.7%
19.2%
Under 1820.9%
18–3423.4%
35–5423.8%
55–6412.7%
65+19.2%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
84.1%
White84.1%
Black4.9%
Hispanic5.4%
Asian1%
Other4.5%
Education (25+)
23.9%
30.6%
41.5%
No HS diploma4%
HS diploma23.9%
Some college30.6%
Bachelor's+41.5%
Housing tenure
70.7%
29.3%
Owner70.7%
Renter29.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 49002 in Portage, MI has changed in 5 years

Income
$63,080 → $73,647
up 16.8%
Population
20,139 → 19,737
down 2.0%
Renter share
30.2% → 29.3%
-0.9 pts
Bachelor's+
42.2% → 41.5%
-0.7 pts
Median age
37.2 → 39.6
+2.4 yrs

Household income in the area moved from $63,080 to $73,647 across the same window, up 16.8% versus 2021. Headcount in the area went from 20,139 to 19,737 between 2021 and 2024, a 2.0% change.

Community

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Local insights

Tips for renters in ZIP 49002

About renting in ZIP 49002

Last updated: July 20, 2026

ZIP code 49002 covers Portage, MI. The median rent here is $1,500/mo as of July 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,070/mo.

At 24% of local median household income ($73,647/yr), ZIP 49002 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 18.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49002?

As of July 20, 2026, the median monthly rent in ZIP 49002 (Portage, MI) is $1,500. This is based on aggregated data from public sources and community submissions.

How does ZIP 49002 rent compare to the US average?

ZIP 49002's median rent of $1,500/mo is $465 (24%) below the US national median of $1,965/mo.

How does ZIP 49002 compare to other ZIPs in Michigan?

ZIP 49002 falls in the middle range for Michigan, ranking #71 out of 165 ZIPs at $1,500/mo.

How much income do you need to rent in ZIP 49002?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,500/mo in ZIP 49002. The local median household income is $73,647/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49002?

Rent in ZIP 49002 has decreased 18.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 49002 an affordable place to rent?

ZIP 49002 is considered very affordable for renters. At $1,500/mo, rent takes approximately 24% of the local median household income ($73,647/yr). The standard benchmark is 30%. ZIP 49002 falls comfortably within that range.

What percentage of ZIP 49002 residents rent vs. own?

According to Census data, approximately 29.3% of ZIP 49002 households are renters, while 70.7% are owner-occupied. ZIP 49002 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 49002 compare to the rest of Portage?

ZIP 49002 is more affordable than Portage overall. At $1,500/mo, it's $5 below the Portage citywide median of $1,505/mo.

When was rent data for ZIP 49002 last updated?

Rent data for ZIP 49002 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,500/mo, rent takes ~24% of ZIP 49002's median household income ($73,647/yr). The standard benchmark is 30%.

ZIP 49002 24%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 49002 (Portage, MI)

Recent submissions

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