The story of this market
The typical home in ZIP 49340 sells for about $275,000, or $126 per square foot.
Prices are up +53.5% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 49340 — Remus
The housing market in 49340 is characterized by very low inventory and a small volume of sales, leading to significant volatility in year-over-year price metrics. Current data shows a median sale price of $275,000 with limited activity, reflecting a quiet, rural market environment.
This ZIP is best suited for buyers seeking rural or semi-rural living, including families and those looking for more affordable housing options compared to the nearby Grand Rapids metro area.
Median prices moved up 53.5% year over year.
Homes spend a median of 82 days on market with 12.0 months of supply — a slower-moving market.
4% of listings have cut prices · homes sell at 99.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 16.4% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 49340, Michigan
Schools serving the area are generally characterized by rural district standards; specific ratings vary by individual school performance within the local ISD.
The area is subject to standard Midwestern climate risks including seasonal wind and winter weather; specific flood or wildfire risk profiles should be verified via local parcel-level disclosures.
Economic momentum is driven by regional agricultural and small-town commercial activity with proximity to larger employment hubs in Kent County.
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.
Residents typically rely on personal vehicles for commutes, with travel times to major employment centers like Grand Rapids averaging over 35 minutes.
The area features access to local lakes and rural outdoor spaces, with limited immediate commercial shopping districts within a 3-mile radius.
The rental market is limited in depth, characterized by low inventory and a mix of long-term residential rentals.
The local economy is primarily supported by small-scale commerce and services, with residents often commuting to larger industrial and professional hubs in Kent County.
Transportation is almost exclusively automobile-dependent, utilizing regional highway corridors for access to the broader Grand Rapids metropolitan area.
Development activity is primarily focused on low-density residential expansion and small-scale commercial improvements.
The Kent County Bureau of Equalization oversees assessment practices, ensuring uniform valuation across local taxing jurisdictions.
Parcels are subject to local school district taxes and county-wide millages for services such as emergency management and public health.
Property insurance premiums are influenced by regional weather patterns and the rural nature of the housing stock.
Data retrieved from US Census Bureau and IncomeByZipCode.com.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local water feature providing recreational opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.