US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49614
  5. Housing & Real Estate
Bear Lake village, MI

ZIP 49614 — 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 49614

Median Home Value
$203,900
Median Rent
$675
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,310/mo PITI).

11%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.2 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 49614 in Bear Lake village, MI, a household would need roughly $56,000 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 $1,310. That sits below the local median household income ($71,389), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 40% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
95.4%+46% vs US avg
x
Vacancy Rate
40.1%+289% vs US avg
x
Broadband Access
83.2%-4% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
24.1%-52% vs US avg
x
Mortgage-Free
44.4%+16% vs US avg
x
$203,900
Home Value
$675
Rent
1974
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached90.1%
  • 1-unit attached0.2%
  • 2-9 units0.6%
  • 10+ units0.2%
  • Mobile home & other8.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$203,900
Median rent$675
Owner-occupied95.4%
Vacant40.1%
Price-to-income2.9x
Est. income to buy$56,000