The story of this market
The typical home in ZIP 49302 sells for about $534,900, or $235 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,323 a month.
ZIP 49302 — Alto
The 49302 housing market is characterized by high owner-occupancy and limited rental inventory, with median home values reflecting a stable, family-oriented demographic. Current market data shows a median listing price of $534,900, though specific closed-sale metrics remain preliminary and limited in volume.
This ZIP is primarily suited for family buyers seeking established single-family residential environments, as the low rental inventory and high median home values suggest a stable, owner-occupied community.
Median prices moved up 4.2% year over year.
Homes spend a median of 55 days on market with 4.8 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 49302, Kent County MI
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
The rental market in 49302 is characterized by a very low renter share of approximately 2.9%, indicating a market dominated by owner-occupied single-family homes.
The local economy is primarily residential with limited commercial density, relying on the broader Kent County employment base.
Data retrieved from US Census Bureau ZCTA 49302 profiles.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).