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Mackinac Island city, MI

ZIP 49757 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49757

Median Home Value
$834,600
Median Rent
$1,068
Affordability Snapshot
$230,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,361/mo PITI).

13%
Rent-to-Income Ratio

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

8.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

65.1 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 49757 in Mackinac Island city, MI, a household would need roughly $230,000 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 $5,361. That is about 130% above the local median household income ($100,125), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 76% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
48.5%-26% vs US avg
x
Vacancy Rate
75.5%+633% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
13.6%-8% vs US avg
x
Built Pre-1939
0.7%-94% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
5.7%-89% vs US avg
x
Mortgage-Free
61.6%+61% vs US avg
x
$834,600
Home Value
$1,068
Rent
1961
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached44.1%
  • 1-unit attached2.5%
  • 2-9 units28.5%
  • 10+ units22.8%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$834,600
Median rent$1,068
Owner-occupied48.5%
Vacant75.5%
Price-to-income8.3x
Est. income to buy$230,000