The story of this market
The typical home in ZIP 49677 sells for about $122,900, or $85 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $785 a month.
ZIP 49677 — Reed City
The housing market in 49677 remains stable with modest price appreciation and low inventory levels. Demand is driven by local buyers seeking affordability, though the market is constrained by limited new construction and a rural geographic profile.
This ZIP is well-suited for families and retirees seeking an affordable, rural lifestyle with access to outdoor recreation and a lower cost of living.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced 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 7.2% · poverty 14.1% — a mixed stability 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 4.2%/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 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 49677, Osceola 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 Reed City are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are primarily part of the Reed City Area Public Schools district, which maintains a rural community focus.
The area faces moderate risks related to winter weather and seasonal flooding near local waterways, with standard insurance coverage recommended.
Economic momentum is driven by local manufacturing and agricultural sectors, with steady but modest infrastructure investment in the Osceola County region.
Property taxes are assessed at the local level by Osceola County and the City of Reed City, with rates determined by millage for schools, county services, and municipal operations.
Commuting is primarily car-dependent, with residents traveling via US-131 toward larger employment hubs like Big Rapids or Cadillac.
The area features access to the White Pine Trail for hiking and biking, as well as proximity to the Hersey River and various local parks for outdoor recreation.
The rental market is characterized by limited inventory and high demand for affordable housing, with few large-scale multi-family developments.
The local economy is anchored by manufacturing, healthcare, and retail services, with significant employment ties to the broader Osceola County region.
Transportation is dominated by private vehicle use, with US-131 serving as the primary arterial corridor for regional connectivity.
Development is focused on small-scale commercial improvements and residential infill within the city limits.
The Osceola County Equalization Department manages property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to local school district taxes, county operating millage, and specific township or city levies.
Property insurance premiums are influenced by regional wildfire and winter storm risk profiles, remaining generally stable.
Michigan is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from data.census.gov ZCTA 49677 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 state trail system providing extensive hiking and biking opportunities.
Popular for local fishing and scenic outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.