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Central Lake village, MI

ZIP 49622 — 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 49622

Median Home Value
$209,900
Median Rent
$757
Affordability Snapshot
$58,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,348/mo PITI).

14%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

23.1 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 49622 in Central Lake village, MI, a household would need roughly $58,000 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 $1,348. That sits below the local median household income ($66,618), 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 41% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.1%+35% vs US avg
x
Vacancy Rate
41.4%+302% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
11.0%-14% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
48.8%+28% vs US avg
x
$209,900
Home Value
$757
Rent
1978
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached87.5%
  • 1-unit attached2.5%
  • 2-9 units0.6%
  • 10+ units0.0%
  • Mobile home & other9.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$209,900
Median rent$757
Owner-occupied88.1%
Vacant41.4%
Price-to-income3.2x
Est. income to buy$58,000