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Norway city, MI

ZIP 49870 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49870

Median Home Value
$100,600
Median Rent
$558
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$646/mo PITI).

12%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.0 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 49870 in Norway city, MI, a household would need roughly $28,000 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 $646. That sits below the local median household income ($55,795), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
75.0%+15% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
89.5%+3% vs US avg
x
4+ Bedrooms
4.4%-70% vs US avg
x
Built Pre-1939
7.7%-40% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
53.5%+40% vs US avg
x
$100,600
Home Value
$558
Rent
1963
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached76.4%
  • 1-unit attached0.5%
  • 2-9 units12.1%
  • 10+ units6.6%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$100,600
Median rent$558
Owner-occupied75.0%
Vacant8.7%
Price-to-income1.8x
Est. income to buy$28,000