The story of this market
The typical home in ZIP 49837 sells for about $275,000, or $148 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $887 a month.
ZIP 49837 — Gladstone
The housing market in 49837 remains stable with a median listing price of $275,000, reflecting steady demand for waterfront and rural-adjacent properties. While year-over-year prices have seen a slight correction, the market is supported by low inventory and consistent interest from local buyers. The area's affordability relative to national averages continues to drive interest among families and those seeking a lifestyle change.
This ZIP is ideal for families and outdoor enthusiasts seeking a quiet, affordable small-town lifestyle with direct access to Great Lakes recreation and a manageable commute to regional employment.
Median prices moved down 2.5% year over year.
Homes spend a median of 68 days on market with 3.4 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.0% — 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 10.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 49837, Delta County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Gladstone area are generally low and consistent with rural Upper Peninsula trends, remaining well below national averages.
Schools serving the area are primarily managed by Gladstone Area Schools, which maintains a stable reputation for community-focused education in a small-town setting.
The area faces standard regional risks including heavy winter snowfall and potential seasonal flooding near the Little Bay de Noc shoreline.
Economic momentum is driven by local government, regional healthcare, and tourism, with steady but modest infrastructure investment in the Gladstone and Escanaba corridor.
Property taxes are levied based on state-equalized values determined by local assessors, with millage rates set by the city, county, and local school district.
Commuting is primarily car-dependent, with most residents traveling short distances to employment hubs in Escanaba or Gladstone via US-2 and M-35.
The area offers extensive access to Little Bay de Noc for boating and fishing, alongside local parks like Van Cleve Park and proximity to Hiawatha National Forest trails.
The rental market is tight with limited inventory, primarily consisting of single-family homes and small multi-family units, with minimal short-term rental saturation.
The economy is anchored by regional healthcare, manufacturing, and public sector employment, with a strong reliance on the tourism and forestry industries.
Transportation is dominated by private vehicle use; public transit is limited, though regional bus services connect to larger hubs.
Development is focused on small-scale residential infill and continued improvements to public waterfront amenities.
The Delta County Equalization Department oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to Gladstone Area Schools and Delta-Schoolcraft Intermediate School District levies.
Property insurance premiums are moderate but sensitive to winter-related hazard claims and proximity to the shoreline.
Michigan is a judicial foreclosure state, requiring court proceedings for mortgage defaults.
Sellers are required to provide a written disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from US Census Bureau ZCTA 49837 profiles.
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.
Features a beach, campground, and extensive waterfront access on Little Bay de Noc.
A local 18-hole course serving the community.
Premier destination for walleye fishing and recreational boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.