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ZIP Code · MI

ZIP 49507

Pop. 38,487·Kent County·68th most expensive ZIP in Michigan
Median rent (all units)
$1,536/mo
Year-over-Year
-7.5%
Month-over-Month
-1.7%
vs US Median
-$429
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 49507 · $1,536
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,280
2 BR
$1,530
3 BR
$1,980
4 BR+
$2,190
Research median
$1,530/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
$18,432/yr
At $1,536/mo median
Location
StateMI
CountyKent County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.5% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 49507 (Grand Rapids, MI) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 27.5% of residents hold a bachelor's degree or higher.

Population
38,487
Median income
$61,461
Median age
31.1
Renters
38%
Age distribution
28.7%
28%
23.4%
Under 1828.7%
18–3428%
35–5423.4%
55–649.4%
65+10.5%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
34%
32.7%
33.9%
White34%
Black32.7%
Hispanic33.9%
Asian0.9%
Education (25+)
22.3%
26.7%
23.5%
27.5%
No HS diploma22.3%
HS diploma26.7%
Some college23.5%
Bachelor's+27.5%
Housing tenure
62%
38%
Owner62%
Renter38%

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

2021 vs 2026

How ZIP 49507 in Grand Rapids, MI has changed in 5 years

Rent
$1,186 → $1,536
up 29.5%
Income
$47,216 → $61,461
up 30.2%
Population
39,203 → 38,487
down 1.8%
Renter share
39.3% → 38%
-1.3 pts
Bachelor's+
23.5% → 27.5%
+4.0 pts
Median age
29.6 → 31.1
+1.5 yrs

Compared with 2021, rent in ZIP 49507 in Grand Rapids, MI has climbed by $350 per month, settling near $1,536 after starting the period at $1,186. Median household income grew from $47,216 to $61,461 between 2021 and 2024, a 30.2% shift. Headcount in the area went from 39,203 to 38,487 between 2021 and 2024, a 1.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 23.5% to 27.5%. Taken together, the five-year picture in ZIP 49507 in Grand Rapids, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

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About renting in ZIP 49507

Last updated: July 20, 2026

ZIP code 49507 covers Grand Rapids, MI. The median rent here is $1,536/mo as of July 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,530/mo.

At 30% of local median household income ($61,461/yr), ZIP 49507 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 7.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49507?

As of July 20, 2026, the median monthly rent in ZIP 49507 (Grand Rapids, MI) is $1,536. This is based on aggregated data from public sources and community submissions.

How does ZIP 49507 rent compare to the US average?

ZIP 49507's median rent of $1,536/mo is $429 (22%) below the US national median of $1,965/mo.

How does ZIP 49507 compare to other ZIPs in Michigan?

ZIP 49507 falls in the middle range for Michigan, ranking #68 out of 165 ZIPs at $1,536/mo.

How much income do you need to rent in ZIP 49507?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,536/mo in ZIP 49507. The local median household income is $61,461/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49507?

Rent in ZIP 49507 has decreased 7.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 49507 an affordable place to rent?

ZIP 49507 is considered moderate for renters. At $1,536/mo, rent takes approximately 30% of the local median household income ($61,461/yr). The standard benchmark is 30%. ZIP 49507 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 49507 residents rent vs. own?

According to Census data, approximately 38% of ZIP 49507 households are renters, while 62% are owner-occupied. ZIP 49507 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 49507 compare to the rest of Grand Rapids?

ZIP 49507 is more affordable than Grand Rapids overall. At $1,536/mo, it's $91 below the Grand Rapids citywide median of $1,627/mo.

When was rent data for ZIP 49507 last updated?

Rent data for ZIP 49507 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,536/mo, rent takes ~30% of ZIP 49507's median household income ($61,461/yr). The standard benchmark is 30%.

ZIP 49507 30%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 49507 (Grand Rapids, MI)

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