US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49930
  5. Housing & Real Estate
Hancock city, MI

ZIP 49930 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49930

Median Home Value
$211,900
Median Rent
$660
Affordability Snapshot
$58,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,361/mo PITI).

12%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

26.8 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 49930 in Hancock city, 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 $1,361. That sits below the local median household income ($67,946), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.7%+1% vs US avg
x
Vacancy Rate
17.4%+69% vs US avg
x
Broadband Access
88.8%+2% vs US avg
x
4+ Bedrooms
5.9%-60% vs US avg
x
Built Pre-1939
7.5%-41% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
22.9%-54% vs US avg
x
Mortgage-Free
50.4%+32% vs US avg
x
$211,900
Home Value
$660
Rent
1958
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached71.9%
  • 1-unit attached1.2%
  • 2-9 units16.0%
  • 10+ units6.3%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$211,900
Median rent$660
Owner-occupied65.7%
Vacant17.4%
Price-to-income3.1x
Est. income to buy$58,000