Zip Code
49503
City
Grand Rapids, MI
Population & Migration
What is the forecasted population for Zip code 49503 Grand Rapids, MI?
- Population census 2020
- 37,036
- Forecasted population 2025
- 38,370
- 3.6% vs. 2020
- Forecasted population 2030
- 39,934
- 7.8% vs. 2020
Zip code 49503 Grand Rapids, MI population is forecasted to decrease 3.6% by 2025 (-1.1 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 38,370 people for 2025 zip code 49503 Grand Rapids, MI will generate a good demand for housing, which is expected to have a deficit of 1,353 houses for 2030. Vacancy rate is 1.1 points below national US average.
- Total homes available 2020
- 17,295
- Estimated total home demand in 2030
- 18,648
- Total homes balance inventory
- 1,353
Average Household Income in zip code 49503 Grand Rapids, MI
from Internal Revenue Service
- Average household income in 2021
- $70,659
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 49503 Grand Rapids, MI?
County total number of drinking water violations
469
+108%
226
County total number of drinking water contaminations
33
+43%
23
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