Grand Rapids, MI — income, home value, property tax, and sales tax.
ZIP code 49507, in Grand Rapids, sits squarely in middle-income territory, with a median household income of $61,461 and per-capita income of $28,890. Homes here carry a median value of $199,300, and the county-level property tax rate of 1.11% means owners pay roughly $2,212 annually on a house at that price. A 6.00% combined sales tax applies to purchases across the area. Taken together, these figures describe a working- to middle-class community where housing costs and tax obligations stay in step with earnings rather than stretching far beyond them.
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