The story of this market
The typical home in ZIP 49601 sells for about $237,000, or $145 per square foot.
Prices are up +9.9% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $887 a month.
ZIP 49601 — Cadillac
The housing market in 49601 shows steady growth with a 9.9% year-over-year increase in median home values. While inventory remains tight, the market is balanced by consistent demand from local buyers seeking a peaceful, family-oriented environment.
This ZIP is well-suited for families and individuals seeking a quiet, serene lifestyle with a close-knit community feel and access to outdoor recreation.
Median prices moved up 9.9% year over year.
Homes spend a median of 44 days on market with 3.2 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 13.3% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 49601, Wexford 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.
The area offers a mix of public and private schooling options, generally characterized as a community-focused environment for families.
The local economy is supported by a mix of manufacturing, healthcare, and retail sectors, with steady interest in residential development.
Property taxes are assessed at the county level in Wexford County, with rates determined by local millage for schools, municipal services, and county operations.
Residents primarily rely on personal vehicles for commuting, with convenient access to local services and regional highways.
The area features access to outdoor activities including lake recreation, local parks, and trails, with shopping and dining concentrated in the city center.
The rental market is characterized by a mix of single-family homes and apartments, with stable demand and moderate vacancy pressure.
The economy is driven by a diverse mix of local employers in manufacturing, healthcare, and retail, serving as a regional hub for Wexford County.
Transportation is primarily highway-based, with major corridors facilitating regional connectivity.
Development activity is focused on maintaining the area's serene character while supporting residential growth.
The Wexford County appraisal district manages property assessments based on state-mandated valuation standards.
Parcels are subject to local school district taxes and municipal levies for public services.
Property insurance rates are influenced by regional climate factors and standard Michigan risk profiles.
Data retrieved from data.census.gov ZCTA 49601 profile.
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.
A major local water feature providing recreational opportunities.
Central public green space for community activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.