The story of this market
The typical home in ZIP 49348 sells for about $244,900, or $214 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,166 a month.
ZIP 49348 — Wayland
The housing market in 49348 is characterized by steady demand and limited inventory, keeping prices stable. Buyers are active, though the pace of sales is moderated by current interest rate conditions. The area remains an attractive, affordable option for families looking for suburban living within reach of larger employment centers.
This ZIP is ideal for family buyers and commuters who value a quiet, small-town atmosphere while maintaining access to the employment hubs of Grand Rapids and Kalamazoo. It is less suited for those seeking high-density urban amenities or extensive public transit.
Median prices moved up 2.1% year over year.
Homes spend a median of 48 days on market with 2.3 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 7.9% — 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 6.0%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 49348, Allegan County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Wayland are generally lower than the national average, with property crime being the most frequently reported incident type. The area maintains a small-town safety profile consistent with rural Allegan County.
The area is served by Wayland Union Schools, which provides a comprehensive K-12 curriculum. Schools are generally well-regarded within the local community for their focus on student development and extracurricular engagement.
The area faces a minor risk of severe flooding for approximately 4% of properties over the next 30 years. Wildfire risk is categorized as moderate, with 45% of properties identified as having some level of exposure.
Economic momentum is driven by local manufacturing and proximity to the Grand Rapids metropolitan area. Development is characterized by steady residential growth and infrastructure maintenance to support the expanding suburban population.
Property taxes are levied based on the taxable value determined by the local assessor, subject to Michigan's Proposal A limitations. Special assessments may apply for local utility or school district bond initiatives.
Residents primarily commute by car, with easy access to US-131 providing a direct route north to Grand Rapids or south to Kalamazoo. Public transit options are limited, necessitating personal vehicle ownership for most employment-related travel.
The area features local parks and green spaces, including the Rabbit River area, which offers trails and outdoor recreation. Shopping and dining are concentrated along the main corridors of Wayland, providing essential services within a short drive.
The rental market is characterized by low vacancy pressure and steady demand from families and individuals seeking a suburban lifestyle. Short-term rental presence is minimal, with most inventory consisting of long-term residential leases.
The local economy is supported by a mix of manufacturing, retail, and service-sector employers. Many residents participate in the broader regional labor market of the Grand Rapids-Kalamazoo corridor.
The area is served by the US-131 highway, which acts as the primary artery for regional transit. Infrastructure is focused on maintaining road connectivity for commuters.
Development is primarily focused on residential infill and small-scale commercial expansion along the main thoroughfares. No major large-scale industrial projects are currently reported.
The Allegan County Equalization Department oversees the assessment process, ensuring property valuations align with state-mandated standards.
Parcels are subject to Wayland Union Schools district taxes and local municipal levies. Special districts for utility and emergency services may apply.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural hazards. Homeowners are encouraged to maintain standard coverage for wind and fire.
Data retrieved from US Census Bureau ZCTA-level tables.
- Craig's Cruisers - Grand Rapids4.412.6 mi
- Dave & Buster's Kentwood4.115.9 mi
- Sky Zone Grand Rapids4.215.7 mi
- Main Event Grand Rapids4.216.2 mi
- Allegan Event4.715.4 mi
- Van Andel Arena4.519.5 mi
- DeVos Place4.519.9 mi
- Grand Rapids Downtown Market4.618.9 mi
- Founders Brewing Co4.319.2 mi
- Craig's Cruisers - Grand Rapids4.412.6 mi
- Gun Lake Casino Resort43.9 mi
- Craig's Cruisers - Grand Rapids4.412.6 mi
- Celebration Cinema4.511.5 mi
- Yankee Springs Recreation Area4.67.7 mi
- Lucky Strike Grand Rapids4.212.7 mi
- Gilmore Car Museum4.919.7 mi
- Grand Rapids Public Museum4.719.7 mi
- Grand Rapids Children's Museum4.619.5 mi
- Grand Rapids Art Museum4.619.6 mi
- The Gerald R. Ford Presidential Museum4.719.9 mi
- Yankee Springs Recreation Area4.67.7 mi
- Brewer Park4.59.2 mi
- Whistlestop Park4.710.8 mi
- Gun Lake beach4.67.3 mi
- Pinewood Park4.612.5 mi
- Saskatoon Golf Club4.312.1 mi
- StoneWater Country Club4.710.4 mi
- Briarwood Golf Club3.98 mi
- Yankee Springs Golf Course4.34.9 mi
- Railside Golf Club | Alder & Iron Restaurant4.611.2 mi
- Tanger Outlets Grand Rapids4.49.1 mi
- Meijer4.311.3 mi
- Meijer4.112.8 mi
- Dollar General3.98 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides scenic trails and outdoor recreation opportunities.
Central community space for local events and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.