The story of this market
The typical home in ZIP 49332 sells for about $424,900, or $215 per square foot.
Prices are up +136.1% from a year ago, so sellers still have some momentum. Homes take about 73 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 49332 — Mecosta
The 49332 housing market is currently experiencing low sales volume with a significant year-over-year price increase, likely driven by limited inventory. The area remains an affordable, rural-focused market with high owner-occupancy, though data is constrained by the small number of recent transactions.
This ZIP is best suited for retirees and those seeking affordable, rural lakefront living, as evidenced by the high owner-occupancy rate and older median age.
Median prices moved up 136.1% year over year.
Homes spend a median of 73 days on market with 3.2 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 10.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 49332, Mecosta County MI
The area has county-linked NRI scores of 62.8 for flood and 29.2 for wildfire risk.
The local economy is driven by healthcare, retail trade, and food services, with limited large-scale industrial development reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
The mean commute time is approximately 180 minutes, reflecting the rural nature of the area and distance to major employment hubs.
The area features significant lake access, including Round Lake and School Section Lake, providing local opportunities for water-based recreation.
The rental market is characterized by low vacancy pressure and limited inventory, with rents significantly below the national median.
The economy is primarily supported by healthcare, retail, and food service sectors within the North Michigan region.
The area is served by local township and county-level administrative districts.
Property insurance posture is influenced by regional wildfire and flood risk profiles.
Data retrieved from US Census Bureau and US5.com.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local lake providing recreational water access.
Notable local water body for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.