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Eagle River CDP, MI

ZIP 49950 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49950

Median Home Value
$221,600
Median Rent
$378
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,423/mo PITI).

8%
Rent-to-Income Ratio

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

4.0x
Home Price-to-Income Ratio

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

48.9 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 49950 in Eagle River CDP, MI, a household would need roughly $61,000 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 $1,423. That is roughly in line with the local median household income ($54,931). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 56% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
92.9%+42% vs US avg
x
Vacancy Rate
56.1%+444% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
53.6%+40% vs US avg
x
$221,600
Home Value
$378
Rent
1971
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached95.4%
  • 1-unit attached1.3%
  • 2-9 units1.1%
  • 10+ units0.3%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$221,600
Median rent$378
Owner-occupied92.9%
Vacant56.1%
Price-to-income4.0x
Est. income to buy$61,000