The story of this market
The typical home in ZIP 49421 sells for about $225,000, or $165 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 49421 — Hesperia
The housing market in 49421 is characterized by low inventory and steady, modest price appreciation. Demand is driven by local buyers seeking affordability, though the market remains constrained by limited new construction. Figures for specific metrics like months of supply and sale-to-list ratios are estimated based on regional trends as precise ZIP-level monthly reports are not publicly aggregated.
This ZIP is best suited for families and individuals seeking a rural, quiet lifestyle with affordable housing costs and proximity to outdoor recreation.
Median prices moved up 2.5% year over year.
Homes spend a median of 78 days on market with 5.5 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 16.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 49421, Michigan
The area is served by Hesperia Community Schools, which generally maintains a rural district profile with moderate performance metrics.
The region is subject to standard Midwestern seasonal weather risks, including winter snow accumulation and occasional severe summer storms.
Economic momentum is primarily driven by local agriculture, small-scale manufacturing, and regional service industries in Oceana and Newaygo counties.
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.
Commuting is primarily car-dependent, with residents typically driving to employment hubs in Fremont, Muskegon, or Grand Rapids.
The area offers significant outdoor access, including proximity to the White River, various inland lakes, and state forest lands for hunting and fishing.
The rental market is characterized by limited inventory and a mix of single-family homes and small multi-family units, with low turnover.
The local economy is anchored by agricultural production and small-business services, with many residents commuting to larger nearby industrial centers.
Development is primarily focused on small-scale residential infill and agricultural land management.
Parcels are subject to local school district millages and county-level administrative taxes.
Property insurance premiums are generally stable, though coverage for rural structures and wildfire risk in wooded areas is a factor.
Data retrieved from US Census Bureau ACS profiles for ZCTA 49421.
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.
Popular for canoeing, kayaking, and fishing.
Local community park providing recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.