49507 — Grand Rapids, MI Home Values
Typical home value $246,490 as of June 2026 · 56th of 67 in Grand Rapids-Kentwood, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49507, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49507 compares in the Grand Rapids-Kentwood, MI area
ZIP code 49507 (Grand Rapids, MI) has a typical home value of $246,490 as of June 2026, ranking 56th of 67 ZIP codes tracked in the Grand Rapids-Kentwood, MI area, more expensive than about 18% of ZIP codes in the metro. Prices here have moved +1.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +26.7%, from $194,501 in June 2021 to $246,490 in June 2026. Against observed rent, the typical home here sells for 13.4× the annual rent ($1,536/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Grand Rapids-Kentwood, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Grand Rapids.
Population and demographics
ZIP code 49507 has a population of 39,389, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 33.8% Hispanic or Latino, 31.6% Black or African American, 28.1% White, 5.5% two or more races, 0.5% Asian, 0.3% American Indian or Alaska Native, 0.2% another race, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Dickinson Academy | 448 DICKINSON ST SE, GRAND RAPIDS, MI | 0.1 mi |
| Hope Academy of West Michigan | 240 BROWN ST SE, GRAND RAPIDS, MI | 0.3 mi |
| Southeast Career Pathways | 1356 JEFFERSON AVE SE, GRAND RAPIDS, MI | 0.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49507?
$246,490 as of June 2026, the latest month Zillow has published observed data for.
Is 49507 an expensive ZIP code in the Grand Rapids-Kentwood, MI area?
49507 ranks 56th of 67 ZIP codes in the Grand Rapids-Kentwood, MI area by typical home value, more expensive than about 18% of ZIP codes in the metro.
How much have home values in 49507 changed over the past year?
+1.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 49507?
The typical home price is 13.4× the observed annual rent in this ZIP code ($1,536/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 49507?
39,389, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49507?
Dickinson Academy (0.1 mi), Hope Academy of West Michigan (0.3 mi), Southeast Career Pathways (0.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49507?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Grand Rapids-Kentwood, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.