ZIP Code 49796 — Walloon Lake CDP, MI Demographics & Data

ZIP code 49796 covers Walloon Lake, MI in Charlevoix County with a population of about 316.

At a glance, the area shows median age of 49.8 versus a U.S. median of about 38.9.

It sits in telephone area code 231; U.S. House district MI-1; the TRAVERSE CITY - CADILLAC media market.

Median household income in ZIP 49796 is about $84,667 — about 13% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 2.5%; unemployment rate near 1.4%; 46.0% of adults with a bachelor’s degree or higher (about 12.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Arts and entertainment, and Manufacturing; about 2.8% of workers reporting work-from-home (about 12.4 points below the U.S. share (15.2%)); a mean commute of about 137.0 minutes (U.S. average near 26.8).

Median home value is about $267,700 — about 23% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $857 (about 26% below the U.S. median rent ($1,163)), and owner-occupancy near 77.5% (about 12.1 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 49796 in Walloon Lake, MI, a household would need roughly $74,000 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 $1,720. That sits below the local median household income ($84,667), 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.

FEMA’s National Risk Index rates natural-hazard risk for Walloon Lake CDP, MI as Very Low (composite score 22.3), which is relatively lower than many U.S. communities. The strongest component scores on US5 are flood (32.3) and hurricane (17.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Walloon Lake CDP, MI show little to no average snow and around 36.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 12 for ZIP 49796 (Walloon Lake CDP, MI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.