ZIP Code 49505 — Grand Rapids, MI Home Prices (2026)
The typical home in ZIP 49505 (Grand Rapids, Michigan) is worth about $310,000 at roughly $216 per square foot — 6% more expensive than the Grand Rapids median and 5% more expensive than the typical U.S. home.
How 49505 compares
ZIP 49505 is one of the pricier ZIP codes in Grand Rapids: its typical home value of $310,000 ranks #2 of the 6 Grand Rapids ZIP codes we track (the citywide range runs from $244,000 in 49507 to $391,000 in 49525). Per square foot it costs about $216, against $211 for Grand Rapids as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 49505 | $310,000 | $216 |
| Grand Rapids, MI | $292,000 | $211 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 49505
Using this ZIP’s rate of about $216 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $216,000 |
| 1,500 sq ft | $324,000 |
| 2,000 sq ft | $432,000 |
| 2,500 sq ft | $540,000 |
| 3,000 sq ft | $648,000 |
Salary needed to buy a home in ZIP 49505
To buy the typical $310,000 home in ZIP 49505 with 20% down, you need a household income of roughly $84,000 a year (about $1,970 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $100,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,500 | $2,450/mo | $105,000/yr |
| 10% (+PMI) | $31,000 | $2,340/mo | $100,000/yr |
| 20% | $62,000 | $1,970/mo | $84,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 49505
At about $216 per square foot, here is roughly how much home different budgets get you in ZIP 49505:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 690 sq ft | below the local median — condos, smaller or older homes |
| $200k | 930 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1160 sq ft | around the typical home here |
| $300k | 1390 sq ft | around the typical home here |
| $400k | 1850 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 49505 home.
Estimate a specific home in 49505
The estimator below is pre-set to ZIP 49505 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Grand Rapids ZIP codes by home value
Where 49505 sits among Grand Rapids’s 6 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 49525 | $391,000 | $229 |
| 2 | 49505 (this page) | $310,000 | $216 |
| 3 | 49503 | $292,000 | $268 |
| 4 | 49504 | $292,000 | $206 |
| 5 | 49548 | $257,000 | $199 |
| 6 | 49507 | $244,000 | $181 |
ZIP 49505 home prices: frequently asked
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See the full Grand Rapids home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.