ZIP Code · MI

ZIP 49423

Part of Holland, MI
Pop. 47,060·Allegan County·70th most expensive ZIP in Michigan
Median rent (all units)
$1,552/mo
Year-over-Year
-1.0%
Month-over-Month
-0.6%
vs US Median
-$380
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 49423 · $1,552
More affordable than 69% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,240
2 BR
$1,480
3 BR
$1,870
4 BR+
$2,150
Research median
$1,480/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 49423 usually run 1.1% below trend in December and 1.5% above it in August, about $40 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 49423 is 4.9% below its high of $1,632 in April 2026, at $1,552 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 49423 changed -1.0% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Since before the pandemic

Rent in ZIP 49423 is 59.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 5 months in a row, and rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($81,858) is $2,046 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,870); a 4-bedroom is $2,150.

From Zillow's monthly rent index (ZORI) for ZIP 49423. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,624/yr
At $1,552/mo median
Location
StateMI
CountyAllegan County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.0% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 49423 (Holland, MI) is majority owner-occupied, 37.6% of residents hold a bachelor's degree or higher.

Population
47,060
Median income
$81,858
Median age
34.8
Renters
25.4%
Age distribution
20.9%
29.2%
21.1%
18.8%
Under 1820.9%
18–3429.2%
35–5421.1%
55–649.9%
65+18.8%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
76%
19.4%
White76%
Black3.5%
Hispanic19.4%
Asian2.8%
Education (25+)
26.6%
28%
37.6%
No HS diploma7.8%
HS diploma26.6%
Some college28%
Bachelor's+37.6%
Housing tenure
74.6%
25.4%
Owner74.6%
Renter25.4%

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

2021 vs 2026

How ZIP 49423 in Holland, MI has changed in 5 years

Rent
$1,074 → $1,552
up 44.5%
Income
$69,347 → $81,858
up 18.0%
Population
46,040 → 47,060
up 2.2%
Renter share
27.1% → 25.4%
-1.7 pts
Bachelor's+
34.8% → 37.6%
+2.8 pts
Median age
35.3 → 34.8
-0.5 yrs

Five years ago, renters in ZIP 49423 in Holland, MI paid around $1,074 a month. That figure now sits near $1,552, up 44.5% from the 2021 baseline. Census figures show median household income at $81,858 today, compared with $69,347 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 49423 in Holland, MI adding about 1,020 residents over the five-year window, up 2.2% on net. The renter share has eased from 27.1% to 25.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 34.8% to 37.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 49423

Last updated: October 17, 2026

ZIP code 49423 covers Holland, MI. The median rent here is $1,552/mo as of October 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,480/mo.

At 23% of local median household income ($81,858/yr), ZIP 49423 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 49423?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,552/mo in ZIP 49423. The local median household income is $81,858/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 49423?

Rent in ZIP 49423 has fallen 1.0% over the past year as of September 2026. It sits 4.9% below its high of $1,632 in April 2026.

When is the cheapest time to rent in ZIP 49423?

Asking rents in ZIP 49423 are usually lowest in December, about 1.1% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $40 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 49423 compare to other ZIPs in Michigan?

ZIP 49423 is in the middle among Michigan ZIP codes for rent, ranking #70 of 168 at $1,552/mo. Over the year to September 2026, rent in ZIP 49423 changed -1.0%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.

How does ZIP 49423 compare to the rest of Holland?

At $1,552/mo, ZIP 49423 is $66 below the Holland citywide median of $1,618/mo.
Income Affordability
23%
VERY AFFORDABLE

At $1,552/mo, rent takes ~23% of ZIP 49423's median household income ($81,858/yr). The standard benchmark is 30%.

ZIP 49423 23%Benchmark 30%
State income tax4.25%
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