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Ludington city, MI

ZIP 49431 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49431

Median Home Value
$218,600
Median Rent
$738
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,404/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49431 in Ludington city, MI, a household would need roughly $60,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,404. That is roughly in line with the local median household income ($63,313). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
72.3%+11% vs US avg
x
Vacancy Rate
25.0%+143% vs US avg
x
Broadband Access
84.7%-3% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
50.0%+31% vs US avg
x
$218,600
Home Value
$738
Rent
1975
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.2%
  • 1-unit attached2.3%
  • 2-9 units9.8%
  • 10+ units9.8%
  • Mobile home & other8.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$218,600
Median rent$738
Owner-occupied72.3%
Vacant25.0%
Price-to-income3.5x
Est. income to buy$60,000