The story of this market
The typical home in ZIP 49408 sells for about $399,500, or $198 per square foot.
Prices are down 31.2% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $862 a month.
ZIP 49408 — Fennville
The 49408 housing market is currently experiencing significant downward pressure on pricing, with a year-over-year decline of 31.2% in median sale prices. Inventory remains elevated with 101 active listings and a relatively long median time on market of 76 days. Several metrics, including closed sales count and specific tax data, were not available at the ZIP level and are omitted.
Median prices moved down 31.2% year over year.
Homes spend a median of 76 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 94.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 12.6% — a stable, low-distress profile.
ZCTA 49408, Allegan 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.
Data retrieved from Census Reporter ZCTA 49408 profile.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).